A worker at Newport manufacturing company Rowecord has told ITV News that "a couple of hundred" jobs are being lost.
He said that many workers were told they were being made redundant half an hour ago.
More top news
A generally dry night with clear spells in the north. Showers will push in to the south by the early hours!
Finley Thomas was a "lovely, happy beautiful baby" and changed in the months leading up to his death, a court has heard.
There will be more Welsh athletes than ever before, at this year's World Powerlifting Championships in Texas in June.