THERE are up to four potential buyers for Llanfyllin's car parts manufacturer, according to union chiefs.

Last month Stadco announced that they intend to close their manufacturing facility in Llanfyllin. The news came as a shock to Unite and the town's 130 strong workforce. Since the announcement Unite Wales has been in constant consultation with the company and the employee forum.

According to the union it has emerged that four potential buyers have come forward to save the site that is currently due to close at the end of 2021.

Unite says it will do everything it can to support this process in order to secure future employment for our members.

It is calling upon all stakeholders including the Welsh Automotive Forum, and the Welsh Government to fully support this process and leave no stone unturned to secure a successful buyout. They say it is essential that manufacturing remains in Llanfyllin and Stadco Powys continue its aftermarket cold press/forming business that is vital to the UK Automotive sector.

Regional Officer David Griffiths said: “The employees are entering a period of significant uncertainty. Their futures are in the balance with the end of the 45 day consultation period this month.

"Only by coordination of all interested parties with the employee forum can a new future for Llanfyllin be realized. Therefore the call is again for the MAGNA and STADCO board to invite the Union and their employee representatives into these talks with potential buyers.

"Together we can bring a new future to Llanfyllin and Mid Wales that badly needs good news to come from the earlier decision to relocate work to Telford."

A spokesman for Magna said the company would not be commenting on any speculation.