WORKERS were stunned this week following news that their factory is set to close early next year.
Around 100 jobs are being axed at CV Buchan in Huncoat after attempts to throw it a lifeline proved unsuccessful.
It is believed the factory, off Newhouse Road, will close before April 2005.
Tom Hardacre, regional officer for the Amicus trade union, said: "The workers have been updated and there really is no likelihood that the company is going to exist beyond April next year. What was first thought could be done to sustain a business on that site hasn't come to fruition.
"Short of some dramatic development over the next few months, the workforce has been advised of the company's decision and people have been given information about redundancies.
"It has been stated publicly that there has been some interest in the site but I am not sure what exactly. I have discussed the situation with Greg Pope MP and he is anxious, as I am, to retain employment on that site."
Mr Pope said: "I am very anxious about the situation and my thoughts are with the 100 or so workers and their families.
"We can ill-afford to lose 100 manufacturing jobs. Despite unemployment being the lowest for a generation, at just under three per cent, we're still losing manufacturing jobs. We are very proud in Hyndburn of our industry and manufacturing."
He added: "If the jobs are going, we can put a package together to try and get thec employees back into work through the Job Centres. I just hope that we can find them alternative employment."
Buchan is one of the largest pre-cast concrete manufacturers in the UK and also has sites at Northwich, Cranage and Coleshill.
Management was unavailable for comment.