Stadco, the automotive parts manufacturer, has managed to save jobs at its factory in Llanfyllin, Powys.
The company anno announced back in December that it would have to make 106 of its 153 workers redundant because of the recession. However, Stadco has now found additional work. Staff will still have to be cut, but the number is now at 25 instead of 106.
The company is part of the Acertec car components firm which supplies Land Rover, BMW and Peugeot.
Stadco, which acquired its factory in Powys 10 years ago, has other plants in Castle Bromwich in Birmingham, Coventry, Shrewsbury and Saarlouis, Germany.
A company spokesman said that while some jobs are secure for now, he couldn’t make promises about the long-term future of the Welsh plant.