A packaging firm is closing two factories with more than 200 jobs at risk.
Mondi said it would shut operations at the Deeside Industrial Park, Flintshire, where 167 jobs are at risk, and in Nelson, Lancashire, with 41 jobs affected.
The firm said a “change in demand for the niche products” at the sites has led to their potential closures.
The company also said its CEO, Peter Oswald, will step down by 31 March.
A spokesman said: “Mondi has announced a minimum 45-day consultation with employee representatives concerning a proposed plan to close all manufacturing operations at its Deeside and Nelson sites in the UK by the second half of 2020.
“Mondi has implemented various strategic initiatives over the past two years to streamline operations and enhance the cost-competitiveness of both sites, however due to the change in demand for the niche products produced at these sites, Mondi sees no alternative than to start a consultation process on the potential closure.
“The proposal under consideration will impact around 200 employees. Mondi understands this is a particularly challenging time for employees and their families and is committed to treating people fairly throughout the process.
“Employees will be given support during the consultation and implementation of the ultimately agreed proposal, and Mondi will follow all legal procedures in accordance with UK labour law.
“Mondi remains fully committed to flexible plastics packaging and will continue to serve its UK customers from its wide network of production facilities across Europe.”
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