More than 320 jobs are to be lost in the Black Country following the collapse of steel firm Caparo Industries.
The news has which said today 452 jobs would go across the 海角视频 including 323 in the West Midlands.
They affected sites are Darlaston where 122 posts will go, a further 68 in Oldbury, 64 in Dudley, 59 in West Bromwich and ten in Cradley Heath.
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Caparo Industries Group specialises in the forging and pressing of metal products for aerospace, automotive and other industries as well as the production of fastenings, wire, tubes and other products.
PwC said efforts were continuing to find buyers for other parts of the group which did employ around 1,700 staff, the majority of which are in the Black Country where the group has 13 companies.
Around 1,200 staff remain in employment but the Caparo Atlas Fastenings business in Darlaston and Caparo Forging Europe, in both Dudley and Hartlepool, have closed with immediate effect.
Unions said this latest announcement was another devastating blow to the steel industry which has been rocked by thousands of job losses in recent weeks following an influx of cheaper steel products onto the market from China.
PwC said: "Following a detailed review of the businesses, it is with regret that we now announce 452 redundancies with immediate effect. Those staff affected by today's announcements have been briefed.
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"Working closely with their representatives, the redundancy payments service rapid response team and other agencies, we will be providing support to those affected in order to address their claims for redundancy and notice."
Earlier this week, Halesowen MP James Morris said in buying parts of Caparo, prompting hopes that hundreds of jobs could be saved.
Joe Morgan, regional secretary for Birmingham and West Midlands with GMB union, said: "It is greatly disappointing that the receivers have felt the need to let people go.
"We understand the reason for this is the employees on the loss-making parts of the business are no longer needed. We are still of the opinion that Caparo can be saved.
Gerard Coyne, Unite's regional secretary for the West Midlands, added: "The closure of the Darlaston factory is another grim day for the manufacturing community in the Wolverhampton area.
"We will be doing everything in our power to support our members who are affected and will leave no stone unturned in ensuring that they aren't left high and dry."
PwC has been appointed administrator of 16 companies within the Caparo Industries Group:
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