Paramount Foods job losses

Administrators have announced the company will be closed, after talks with a potential buyer fell through.

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Pizza company announces 76 redundancies at Deeside site

Administrators have announced the loss of 76 jobs at Paramount Foods in Deeside, but say trading will continue until a buyer can be found.

The Joint Administrators have had a number of discussions with customers, suppliers and potential buyers.

The positive support shown by the company's key customers has ensured that Paramount Foods will remain trading while a buyer is found.

It is with regret though that as part of the restructuring process that a number of jobs have been made redundant - a total of 118, 76 of which are based at the Deeside factory.

The company is however still trading and the Joint Administrators are actively seeking a buyer for the business.

– Richard Merrin, Managing Director, Spreckley Partners Ltd

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