430 Jobs Lost At Rowecord Engineering

Administrators appointed to Wales' largest steel contractor, Rowecord Engineering, has confirmed around 430 people are to lose their jobs.

However, it is understood around 80 people will be kept on at Newport-based Rowecord Engineering, the BBC has said.

The company said it had "exhausted every option" to try and keep the business operating.

Alistair Wardell, from administrators Grant Thornton, said the collapse was down to the firm losing money on contracts and the general economic climate, which led to future contracts drying up.

He also said that the collapse of Rowecord could have an impact on other firms along the M4 corridor which supplied the company.

The Welsh Government said it offered assistance to the firm, but Rowecord turned down the offer.

Until recently the company employed over 500 people at sites in Newport, Baglan, and the Tata Steelworks at Port Talbot.

Rowecord has been a steelwork contractor on major projects, including Parc y Scarlets rugby ground, Cardiff City Stadium and the Olympics aquatic centre.


Related UK National News Stories
Click here for the latest headlines.

12 December 2014
Over 300 Jobs At Risk As Engineering Firm Considers Closure
More than three hundred jobs are at risk following the announcement that engineering firm Mabey Bridge is considering closing one of its facilities and selling another. The company announced it has begun a consultation on the proposed closure of part of its business in Station Road, Chepstow, affecting 150 people.
18 July 2005
Engineering firm pleads guilty to Hatfield safety breach
Engineering firm Balfour Beattie has pleaded guilty to the charge that it breached safety standards before the Hatfield train disaster, in which four people died. The change of plea comes after the company, and five of its managers, were cleared of corporate manslaughter charges last week.
18 February 2015
200 New Jobs Created By Engineering Firm
Two hundred new jobs are to be created as part of a £2 million investment by engineering firm, Universal Engineering in Rhondda Cynon Taf. The company, which makes components for the off-shore oil and gas, car, defence and aerospace industries, is setting up a centre of excellence in Llantrisant.
23 January 2014
Dyson Announce £250m Investment And New Jobs
Engineering firm Dyson has announced a plan to hire 3,000 engineers as part of a £250m expansion. The expansion would see the company's Wiltshire research centre double in size, creating new science and engineering jobs.