MORE than 100 staff have lost their jobs after a car parts manufacturer in Glasson Dock was closed by administrators.
Quinton Hazell (QH) Automotive Limited and its parent company Klarius Group went into administration last Thursday, with the loss of 117 jobs at the company’s Nicholson Plant in Glasson Dock.
Joint administrators KPMG said that the site, and another in Colwyn Bay, have ceased to operate.
The Glasson Dock plant made replacement exhausts and catalytic converters, and prided itself on a ‘same day service’ in meeting customer requests for parts
Paul Flint, joint administrator and restructuring partner at KPMG, said: “Despite extensively marketing the Glasson Dock and Colwyn Bay sites to potential buyers, we were unable to find a buyer and have taken the difficult decision to wind them down.
“Prolonged challenging trading conditions in the automotive parts sector impacted QH’s performance.
“This created cashflow pressures and affected QH’s ability to trade as a going concern.”
Representatives from KPMG provide support and further information to employees about claiming redundancy payments and will be assisting the Redundancy Payments Office.
A small number of employees have been retained at the Glasson Dock and Colwyn Bay sites to assist the administrators in the winding down process.
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Friday 24 May 2013
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