| You are in: UK: Wales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monday, 17 February, 2003, 18:25 GMT Buyer is found for scaffold factory ![]() The receivers cannot name the new owner Workers at a Bala factory who were sacked a fortnight ago have been told the facility has a new owner, but are still waiting to hear how many jobs will be saved. The name of the new owners at the Action Makers factory in Bala, which laid off 110 staff two weeks ago, has not been revealed.
The receivers, Tenon Recovery, confirmed a buyer had been found, but could not name the company because of a strict confidentiality clause in the contract. As yet, it is unclear whether or not some or all of the jobs will be saved. The scaffold-making company was one of the area's largest employers. The firm, which operated from Bala's industrial estate, manufactured and supplied scaffolding, stairs and ladders to Europe and Australia. Vulnerable Local MP Elfyn Llwyd and AM Dafydd Elis Thomas were both involved in talks with the owners and the WDA. The company, which had a turnover of �8m, had been established in the town for about six years.
The business and assets of the site were being offered for sale by the receivers. The offer included freehold premises of 3.5 acres, 25,000 square feet of re-fitted factory space and what was descibed as an extensive customer base. Gwynedd councillor Dylan Edwards said the Bala area was particularly vulnerable to job losses in industry. "This is one of the largest employers in Bala," he said. "The problem here is there is nothing in reserve when something like this happens. "In other Gwynedd towns like Dolgellau, Caernarfon and Bangor, local government and university offices provide alternative employment, but there is nothing here - we need more white collar jobs in Bala," he added. | See also: 06 Feb 03 | Wales 03 Feb 03 | Wales 28 Jan 03 | Wales 17 Dec 02 | Wales 26 Nov 02 | Wales Internet links: The BBC is not responsible for the content of external internet sites Top Wales stories now: Links to more Wales stories are at the foot of the page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Wales stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |