Anglesey Aluminium Metal has confirmed it will close within the next two months, with 60 jobs being lost. Its has been in business at Holyhead for 40 years.
The owners of Anglesey Aluminium have confirmed that they are to finally shut their plant outside Holyhead in the next two months.
It is the final twist in a long and slow decline for what had been one of the main employers on the island.
Our Business Correspondent Carole Green reports from the site.
People on Anglesey have reacted to the news of 60 further jobs being lost at Anglesey Aluminium Metals, with fears over the influence on the island's economy more widely.
One man described the loss of employees' spending power as "really sad news" and a woman said "we need people staying in the area" to work.
– Albert Owen MP, Ynys MônI am extremely disappointed at this decision; the loss of these jobs at Anglesey Aluminium will be a severe blow to the local economy.
It is clear that on Anglesey we have a jobs crisis. The recent Vion announcement and this news from Anglesey Aluminium will hit the Island hard.
We desperately need a jobs strategy in the short term. There are many mid to long term plans which the UK and Welsh Government are driving.
– Cllr Bryan Owen, Isle of Anglesey County Council leaderOur thoughts first and foremost are with those who will be losing their jobs in such a harsh economic climate. We will help them, but we must also ensure that this important strategic site continues to play a key role in the Island’s economic future.
The site still has the potential to play a huge role in the Island’s future economy and I’ll be making this clear when meeting with the Anglesey Aluminium Board, together with Welsh Government representatives, later next month.
In 2009, 400 staff were made redundant at Anglesey Aluminium, when it closed its smelting operation.
A re-melt business has operated since then, producing around 250,000 tonnes of metal.
The Anglesey Aluminium Metal (AAM) Board says it has made "extensive efforts" to find options to stay in business, but warned employees last week there was a "strong likelihood" it would have to close.
It says a redundancy programme will include helping employees to find new work, and it will work to try to create a legacy for the local community.
A small team will be kept on to continue de-commissioning, and maintain the site until it is sold.
– Klaus Stingl, Chairman of the AAM BoardThe AAM Board reognise the outstanding work that has been carried out by the employees and management team at Anglesey Aluminium in addition to their commitment to safety and their excellent work ethic.
Anglesey Aluminium Metal has confirmed it will close within the next two months, resulting in 60 jobs being lost.
It says there are "substantial losses" facing the business, from increased competition, material cost increases and a drop in demand for its products.