'Sad day' as Newport steel firm AIC sheds 100 jobs
More than 100 jobs have been lost in Newport due to a steel firm going into administration, it has been confirmed.
AIC Steel Limited was set up in 2013 to buy another steel firm in the city, Rowecord Engineering, which also went into administration three years ago.
Joint administrators David Hill and Huw Powell, from Begbies Traynor, said on Wednesday that 101 posts had been made redundant.
A further 29 staff will stay on to assist with the business.
Local businessman Bob Evans, who runs the Waterloo Hotel opposite the factory, said it was a sad day, following earlier job losses.
05 Oct 2016