The Halo Foods factory at Tywyn in Gwynedd will close tomorrow. The company is moving production to its plant at Newport in South Wales. Only a tenth of the workforce is taking up the company's offer to move to the new factory.
It's emerged that the firm was considering moving out of Wales altogether, and transferring to Eastern Europe.
The loss of more than a hundred jobs at one of the town's biggest employers is expected to hit the area hard. There are calls for help to attract more investment.
Kevin Ashford reports.