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Eindhoven-based food group Vion said supplying Asda represented about 50% of business at its Gaerwen plant.
BBC: Wales
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Vion took over from Grampian Foods in 2008, when the plant employed nearly 600 workers.
BBC: Wales
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In Cornwall, 555 staff work at VION's red meat processing sites in Bodmin, Victoria and Truro.
BBC: 2 Sisters