A Newport bakery which employs 650 workers will close.
Avana Bakeries first announced that jobs were at risk in February, after the loss of a major cake contract.
Company bosses said their priorities is to minimise the number of redundancies by looking to redeploy staff to other areas.
In a statement, the company said: "We will now work with all our colleagues and our customers to implement a phased closure, which we anticipate will end by summer."
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