Economy minister, Edwina Hart, will make a statement to the Assembly this afternoon following the news that Newport-based engineering firm Rowecord is in administration putting 400 jobs at risk.
The Welsh Government has previously said it offered the firm assistance which was not taken up by Rowecord.
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Rain may affect northern parts this evening but elsewhere some clear skies will develop allowing for a localised frost.
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AMs have passed emergency legislation, asserting that after Brexit the Assembly should get all EU powers on devolved matters.