RCT council say 'it couldn't come at a worse time' and it will have a 'huge impact' | ITV News Wales
A Valleys windows company has entered into administration with more than four hundred workers in Wales facing 'immediate redundancy'.496 jobs are going across sites in Treorchy, Llwynypia, Williamstown and Taff's Well, with 73 workers being retained as part of the administration process.Credit: Google Maps
Ian Ward has been working at the site in Treorchy for the last seven years and he said he was "absolutely devastated". In a statement, a spokesperson said: "recent economic uncertainty due to high consumer price inflation, rising interest costs and the associated reduction in consumer confidence has led to house builders slowing down their build programmes and retail window companies experiencing a fall in demand as homeowners delay discretionary spending on the refurbishment of their properties.
"The Administrators are communicating with all employees and working closely with the Redundancy Payments Service to ensure employees can claim their entitlements as soon as possible. We continue to work with management and their funders and understand that supplementary payments will be provided to employees, details of which will be announced in the next few days.
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