Welsh Government says it's in discussions with the Newport steelworks' management on how it can assist.
Over 120 jobs are set to be axed under plans to restructure a Newport steel plant to secure a more "sustainable and competitive" performance.
Cogent Power, a subsidiary of Tata Steel, said 83 direct jobs and 40 contractor posts were at risk at its Orb Electrical Steelworks.
Managing director Stuart Willie said, "The changes we are making are essential for the long-term future of the operations at Orb. Every effort will be made to support employees and, where practicable, achieve job losses through voluntary redundancies.
"European demand for the grain oriented electrical steels we make is still more than 20% down on 2008 levels and we see high levels of imports into Europe. We anticipate it will be several years before demand returns to 2008 levels."
Roy Rickhuss, general secretary of the Community union, said, "This is yet another example of how the economic recovery isn't reaching the European steel industry.
"The Government could provide some relief in terms of energy costs in the forthcoming budget by freezing the Carbon Price Floor and providing targeted relief from the Renewables Obligation to those foundation industries, such as steel, that are part of the renewables supply chain."
Arriva Buses Wales has announced that 33 staff have been made redundant following the closure of their Aberystwyth depot and outstations at New Quay, Lampeter and Dolgellau.
A spokesperson for Arriva Buses Wales, said "Nine staff will remain to operate the 585 service, which will run until 15 February 2014.
"Four employees have left or transferred to other parts of the business."
The Aberystwyth depot for Arriva Buses Wales will close today, alongside those in New Quay, Lampeter and Dolgellau.
The company says the period of instability regarding public transport funding - together with spiralling fuel costs, has put unsustainable financial pressure on their Aberystwyth operations.
Elkay Electrical in Newtown is to close by the end of the year with up to 40 jobs being lost.
The Welsh Government says senior managers of the company declined an offer to discuss further potential avenues of support, in a bid to try and save the facility.
Montgomeryshire AM, Russell George said, "I am extremely saddened to hear the confirmation of the closure of Elkay Electrical; this is devastating news for everyone affected. This will be a particular blow to the community and on the run-in to Christmas, really doesn’t come at a worse time."
Staff are understood to have been issued with redundancy notices .
Hovis bread and Mr Kipling cakes firm Premier Foods today revealed plans to shut a 109-year-old flour mill with the loss of 43 jobs.
The group is set to close the mill at Barry Docks by the end of October, bringing to a close a long history in South Wales.
Its Atlantic Mills site was built in 1904 by the then Hovis-Bread Flour Company - Britain's largest flour miller, which has since been renamed Rank Hovis.
Premier said the closure would be phased over the coming months, impacting the mill's workforce and a number of local contractors.