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

Glamorgan Gazette - - Your Views - CHRIS KELSEY

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

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