Two hundred and three jobs are under threat at a factory which makes forklift trucks in Merthyr Tydfil, as the owners have announced plans for its closure.
The Kion group said the factory has failed to make a profit since it was restructured in 2007.
The company is entering a 90-day consultation period with employees.
– Gordon Riske, CEO of KION Group
Despite all possible efforts, including a sustained period of restructuring since 2007, the site has never reached profitability in the face of strong macro-economic headwinds. With much regret, the KION Board has decided to enter into consultation about the potential closure of the site in order to ensure the future competitiveness and long-term sustainability of the Group.