GLASS FIRM IN TALKS TO SAVE CRISIS PLANT JOBS.
A glass-making company is in talks to save 100 jobs at a crisis-hit South Wales factory.
The Nippon Electric Glass site in Cardiff Bay, which is set to close with the loss of 400 jobs, could become a specialist plant for converting waste into glass.
Vitrium Holdings, based in Chesterfield, Derbyshire, is in discussion with NEG in the hope of buying the site.
Chief executive John Evans said he did not want to raise hopes but if it went ahead, the plan would initially safeguard 100 jobs, possibly rising to 300 at a later date.
He said: 'We can confirm that Vitrium have been in discussions with NEG and the Welsh Office with regards to the possibility of taking over the glass plant at Ocean Park in Cardiff Bay by December.
'We are interested in using the site for our specialist activity, once it is vacated by NEG.
'This would include providing employment opportunities for some members of staff affected by the closure of the NEG operation.'
NEG announced it was closing in October as a result of a global downturn in demand for cathode ray tubes, the glass for which is manufactured at the plant.
Workers were furious and politicians described the news as a 'terrible blow to the Cardiff economy'.
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|Publication:||South Wales Echo (Cardiff, Wales)|
|Date:||Nov 18, 2005|
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