by Hundreds of jobs to go at Welsh haulage firm Gwynedd Shipping as it goes into administration
Hundreds of jobs are set to go at a Welsh haulage company which has fallen into administration. Gwynedd Shipping Limited and Gwynedd Transport Limited employed 142 people at its sites in Holyhead, Anglesey and at other sites in Wales, England and Ireland.
North Wales Live reports that Kroll has been appointed as administrator of the company which has been trading for nearly 40 years. The administrator said the firm had faced “financial challenges common in the transport and distribution sector”. Most of the staff have already been made redundant.
The news will come as another blow to Anglesey which has already suffered major job losses in recent years including 700 jobs lost last year when poultry giant 2 Sisters closed its processing plant in Llangefni. For the latest politics news in Wales, sign up to our newsletter here.
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A spokesman from Kroll said: “On January 15, 2024, James Saunders and Michael Lennon, both of Kroll, were appointed as joint administrators for Gwynedd Shipping Limited and Gwynedd Transport Limited which together employed 142 people. The businesses, which originally began trading almost 40 years ago, have faced financial challenges common in the transport and distribution sector including certain loss-making contracts.
“Unfortunately, due to the extent of legacy liabilities, the businesses were unable to secure their future on a going concern basis and as such the majority of employees were made redundant with immediate effect as the businesses ceased to trade upon appointment. The joint administrators are in discussions with several parties interested in acquiring certain assets, contracts and routes and it is hoped that this will provide opportunities for a number of former employees. Support is also being provided to former employees to ensure that statutory entitlements can be claimed.”
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An Anglesey County Council spokesperson said: “We are aware that the company has apparently entered into administration. We are currently trying to engage with the company to establish the current situation. The county council will provide what support it can to those affected, working in collaboration with Welsh Government and other partners.”
Ynys Mon MP Virginia Crosbie said: “If any employee is worried or would like advice and support then please don’t hesitate to get in touch with me. The local JobCentre Plus and the DWP are on hand to help those who are looking for work or retraining opportunities. My office works very closely with both of them on the island.” Anglesey has been confirmed as one of Wales’ two new freeports and there are hopes this will boost the port and local economy, but it has not been set up yet.
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