Paramount Foods has gone into administration and will make 118 staff redundant following the loss of a major contract with a supermarket chain.

Administrators are looking for a buyer while the redundancies were made in order to sustain the business in the short term. 76 jobs will go in Deeside and another 42 in Salford.

UPDATE 23.11.2012: The administrators were not able to find a buyer for the business and the company will cease production at Deeside on 30 November making a total of 450 people redundant. Production at Salford will stop on 28 November.