05/11/2014

Jobs At Risk After Refinery Sale Collapses

The sale of the Milford Haven oil refinery to a Swedish firm has collapsed, putting hundreds of jobs at risk.

It is understood the sale to Swiss-based Klesch Group, is "no longer in effect", the refinery's owner, Murphy Oil, has said.

The American-based firm have said they now have "no choice" but to use the site only for storage and distribution, a move that will result in a "significant number of redundancies".

The Welsh Secretary Stephen Crabb said the announcement is a "hammer blow" to the local economy.

(MH/CD)

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