200 jobs to go at South Wales Transformers

Almost 200 jobs will be lost when South Wales Transformers closes and its operations are moved to larger premises in Loughborough.
FKI Transformers, the parent company, hopes the move will reduce costs and allow it to compete more favourably in the UK and overseas. It says competitors in countries where it costs less to produce transformers have greater flexibility with prices and have profited in the UK market at the expense of SWT.
The decision to relocate was totally unexpected by the union Amicus, which says a 90-day consultation period will begin in the hope of securing the factory from closure.