Steel firm Caparo Industries plc has confirmed the company has gone into administration, putting 134 jobs at risk in Hartlepool.
There are two Caparo divisions in the North East, Caparo Foundry & Forging Europe and Caparo Testing Technologies.
They are based at a site in Hartlepool, where activities include the forging and pressing of metal products for aerospace, automotive and other industries.
Administrator PwC has confirmed to ITV Tyne Tees that both fall under Caparo Engineering Ltd, which is on a list of 16 companies within the Caparo Industries group that are confirmed as under administration.
A spokesman stressed that all workers are still being paid and should go to work as normal while the company reviews all options, including selling the business.
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