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Last Updated: Monday, 10 November, 2003, 19:21 GMT
Euro blamed for job losses
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The euro has been blamed for the loss of 30 jobs on Anglesey

Thirty workers have lost their jobs at a German company based in Anglesey.

FAUN Municipal Vehicles on the Welsh Development's Bryn Cefni industrial park in Llangefni announced the redundancies on Monday.

They blamed the euro for its decision to make the workers redundant.

The company make refuse lorries, road sweepers, sewerage maintenance vehicles and equipment.

Anglesey Council said there were no plans to stop production at the plant and claimed the redundancies would secure its long term future for the remaining 80 employed workers.

FAUN relocated its business to Llangefni from Beaumaris.

It is another blow for the island's economy following the news last month that ore than 100 specialist jobs could be lost at Great Lakes Chemical Corporation's Amlwch plant.

An Anglesey council spokeswoman said the past year had proven to be a challenging one for FAUN.

She said their order book remained very strong, but the adverse movement of the euro had resulted in added cost pressures, and the company had to take action in order to protect their trading position.

Anglesey council's head of economic development, Huw Griffiths, said: "We, and the WDA, have been working very closely with the company over the past few weeks to ensure the best possible answer for them - but most importantly for Anglesey."

"The loss of 30 jobs is something that we worked very hard on to avoid, but with the current economic climate, it could have been a lot worse."

Economic development portfolio holder, Councillor Gareth Winston Roberts OBE, added: "It goes without saying that we're disappointed to see some jobs go, but what we have to understand is that the current market can be quite volatile.

"We are, of course, very pleased that the company is staying on Anglesey."




SEE ALSO:
Firm's 1.8m offer to stay
06 Nov 03  |  North West Wales
100 chemical jobs threatened
01 Oct 03  |  North West Wales


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