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Paramount Foods job losses

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

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Another 41 redundancies at Paramount Foods

Whilst customers continue to be supportive of the business, inevitably order volumes have fallen Credit: ITV News Wales

A further 41 redundancies have today been made at Paramount Food Limited's Deeside premises. The amount of redundancies have now reached 173 across the company’s two sites, 41 in Salford and 118 in Deeside. with 14 salaried redundancies across the two sites.

"Order volumes have fallen and the Company’s declining turnover cannot sustain its existing level of overheads. Further redundancies were required...in order to enable continued trading in the short term whilst a purchaser is sought".

– DAVID WHITEHOUSE, PARTNER, DUFF & PHELPS, JOINT ADMINISTRATORS

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