Cyrus RW

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Commenting on the news that Cyrus RW have been put into administration, Aberavon MP Stephen Kinnock said:

“It is disappointing to learn of Cyrus RW being placed into administration, and for all of those employed by the company this will be an incredibly worrying time.

“The priority must now be finding a solution that protects the jobs, particularly those in Briton Ferry where I believe there are up to 50 people employed in highly skilled, well paid jobs.

“The administrators must do all they can do to find a buyer so that we can protect jobs and the vital engineering capacity that has been taking place in Briton Ferry - Cyrus RW is a supply chain business to Tata Steel, which has placed it in a position of vulnerability due to the steel crisis.

“Steel is an industry at the cutting edge of the new economy, and if we allow businesses like this to go under we will all suffer in the long run.”