🚨 Major Shock as Unimetals Collapses! 🚨
It’s a grim day for hundreds of families as one of the UK’s biggest scrap metal firms, Unimetals Recycling, has gone into compulsory liquidation. With 650 jobs hanging by a thread, workers at sites in Newport and Skewen are left blindsided, especially with Christmas looming on the horizon. 🎄😟
🔍 A heartbreaking twist for those who’ve dedicated years to the company, some over two decades, only to find themselves locked out of the premises without notice. 🏗️🔒
With its roots in Stratford-upon-Avon, Unimetals boasts 28 locations across the UK. But the company’s recent struggles have culminated in a devastating winding-up petition after potential buyers backed out last minute.
A source shared: “We had no clue what was happening. Imagine finishing a Friday meeting only to find the gates shut tight by 4 PM!”
Unimetals claims it explored every avenue to keep afloat, but efforts to secure fresh financing fell short. The company’s spokesperson stated, “Despite our best efforts and substantial interest, we couldn’t finalise a deal. We understand how distressing this is for our dedicated employees.”
The uncertainty has left not just job security in jeopardy but also hundreds of families in distress. 😔 The UK Government is monitoring the situation given Unimetals’ critical role in the steel supply chain.
🌍 The metal waste giant was a key supplier of raw materials to producers in the UK and beyond. But now, its future is unclear, as the company works urgently to devise a plan.
A stark reminder of how unpredictable times are, and a call for compassion as families grapple with the fallout. 💔
Stay tuned for updates as more unfolds… 📢
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