19 staff lose their jobs, another 132 at risk as firm faces problems
Buy As You View has been facing difficulties and earlier this year made 15 workers redundant
MORE than 100 South Wales jobs are under threat after the parent company of Buy As You View went into administration.
Nineteen staff in Bridgend lost their jobs last Friday and another 132 workers in the town are at risk of redundancy.
It is the latest employment blow for South Wales.
In June, Tesco announced it will close its Cardiff call centre with the loss of 1,100 jobs, while Barclays announced 180 job losses in Llanishen in March.
Dunraven Finance, which trades as Buy As You View (BAYV) and supplies electrical appliances to tens of thousands of Welsh homes on a rent-to-own basis, has been facing difficulties for several months and earlier this year made 15 workers redundant.
The administration could put 226 jobs in total – both at Bridgend and across the firm’s UK operation – at risk of redundancy, with administrators EY confirming that 41 people in total lost their jobs.
The news comes in the wake of what administrators called “significant losses”.
The firm has been facing problems following the introduction of stricter lending controls by the Financial Conduct Authority.
Nineteen of the redundancies are at the Bridgend head office. The total workforce at Bridgend is 151.
BAYV operates in the
Workers at Buy As You View face losing their jobs after the firm’s parent company went into administration