Part of 3. Topical Questions – in the Senedd at 3:18 pm on 9 October 2019.
My colleagues and I would like to put on record our sympathy with the 252 employees of Triumph Furniture. It's deeply sad that a family business that has been in existence for over 60 years has ceased trading, and I'd like to compliment Merthyr Tydfil council, who are reportedly working with local employers to host a recruitment day for the workers affected. Such a rapid loss of employment in these numbers can have a real adverse effect on a community, and it is reassuring the council are working proactively to help. With the business losing hundreds of thousands of pounds of profit in public sector sales in recent months, a restructuring or sale of the business would have been essential, and we regret to learn that the attempts to secure additional funding for a restructuring were not successful. It does appear that problems came to light too late for Welsh Government intervention.
We also note that uncertainty around Brexit would have had an effect. We urge our colleagues across the Assembly to make sure that we have a Brexit sooner rather than later so that businesses know their future and can adjust accordingly. Will the Minister confirm that some of the companies that were mentioned earlier with a loss of jobs explicitly said that it was nothing to do with Brexit that caused their collapse? Housing transactions remain stable—[Interruption.] It's a fact that housing transactions remain stable, from the data we have available to us, which would suggest that demand for furniture should also remain stable, but a company that loses contracts worth hundreds of thousands of pounds of profit is always going to face a serious challenge. Triumph did previously enter administration, but at that time were able to be rescued and were able to change their focus. It is deeply unfortunate that the company did not have time to make changes in this instance. Can I ask the Minister to confirm that the usual interventions when a company fails will be put in place in this instance? Again, I would like to finish by saying that the real cost is the human cost to the employees, and I will reiterate that my colleagues and I have the deepest sympathy with the 252 workers affected.