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Fears for 400 steel jobs

Employees at Newport engineering firm Rowecord are facing an uncertain future after administrators were called in this morning. Rowecord's projects include the Aquatic Centre for the London Olympics and Cardiff City Stadium.

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Rowecord administration news 'devastating blow'

News that administrators have been called in to Newport engineering firm Rowecord has been described as a 'devastating blow'.

This is a devastating blow, not just for the Rowecord workforce which will be affected, but for the Welsh economy as a whole.

It is also likely to have an impact on a number of other companies along the M4 corridor that up until now have been suppliers to Rowecord.

Among our roles as administrators will be to explore which, if any, parts of the business can be salvaged and whether any jobs can be saved.

A number of Rowecord employees will be retained in the short term post- administration to complete work in progress.

– Alistair Wardell, Administrator

Rowecord Managing Director Andrew Hoppe said the company had “exhausted every option to sustain the business for the future.”

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