NEARLY 200 staff at manufacturer Pressworks Metals will lose their jobs by December 17, administrators said.
As reported by The Northern Echo on November 3, administrators said the company, in Newton Aycliffe, County Durham, would close before Christmas after two of its main customers pulled out.
Since then, administrators Grant Thornton have been winding the company up.
Now it has been reported that the factory will close by December 17 as its shutdown period begins and orders are completed.
Joe McLean, from Grant Thornton, said there was a very slim chance that part of the business could be sold before then, but workers had given up hope.
Pressworks, which makes components for the automotive industry, went into administration in October citing rising steel prices for its financial difficulties.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article