12 Jobs Lost ‘With Immediate Effect’ At Caparo In Wrexham

PwC have announced this afternoon that there are to be twelve job losses at the Wrexham Caparo Steel factory.

Last Monday the company entered administration in a national climate of problems in the UK’s steel industry.

Since their appointment, PwC’s Administrators said: “Following a detailed review of the CIP businesses it is with regret that we now announce 452 redundancies with immediate effect.”

The affected locations and related numbers are as follows:

Wrexham 12
Darlaston 122
Hartlepool 79
Oldbury 68
Dudley 64
West Bromwich 59
Tredegar 17
Cradley Heath 10
Other 21

Total 452 jobs.

PWC say: “Those staff affected by today’s announcements have been briefed. Working closely with their representatives, the Redundancy Payments Service Rapid Response team and other agencies we will be providing support to those affected in order to address their claims for redundancy and notice.”

“The Administrators have confirmed that all staff affected have been and will be paid until the close of business today and thank them for the support, service and co-operation that they have provided to CIP.”

Matt Hammond, PwC partner and lead Administrator said: “It is with regret that we have made these decisions today, but the commercial prospects of the affected businesses render them unviable.

“We thank those former members of staff for their service to CIP; we will work closely with them, their representatives and agencies to ensure that their redundancy and other claims are handled efficiently at this difficult time.

“We will also work closely with other bodies who naturally will want to assist at this time with regard to future employment opportunities.”