A packaging firm in Newport has announced plans to close one of its sites, putting around 150 jobs at risk.
Essentra, which produces folding cartons for the consumer goods industry, said the site is operating at a loss and it could not see things improving.
It is currently consulting on plans to cease production at its Newport carton firm, which could see the site close by the end of this year.
The company has received thousands of pounds in Welsh Government funding in recent years.
Today the Welsh Government said it was "deeply disappointed" by the announcement.