Car Parts Supplier Stadco, in Llanfyllin, Powys, Mid Wales, has saved the jobs of about a quarter of the 106 workers who were facing redundancy. Last December the car parts supplier blamed the recession for making 106 of its 153 workers redundant. But the company has found additional work which will mean a cut of 25 in the redundancy total.
The company is part of the Acertec car parts firm which supplies Land Rover, BMW and Peugeot.
Stadco, also has car parts plants in Castle Bromwich in Birmingham, Coventry, Shrewsbury and Saarlouis, Germany.
A company spokesman said the reduction in the number of redundancies was an indication of the value the company placed upon the Llanfyllin car parts plant. But he said they could not make any promises about the company's long-term commitment to the factory near Welshpool.
Local councillor Peter Lewis said he was delighted by the news - "This means that rather than two-thirds of the workforce being cut it is now down to about half.".
Llanfyllin is a small market town about 15 miles (24km) north of Welshpool. It has a population of 1,400 people.
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