The Indorama PET factory in Workington is closing with the loss of 73 jobs.
Vice President of Corporate Communications Richard Jones told ITV Border that the facility would be mothballed.
No time scale has been agreed.
The company says an influx of cheaper materials from Asia is to blame for the decision.
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Carlisle's annual giant puppet parade took place in the city centre this afternoon.
Hundreds of young muslims were in Keswick today as part of a bid to raise more than half a million pounds for UK charities.
One of the biggest events in the calendar for the Scottish rural community has been taking place at Drumlanrig Country Estate.