THIRTY jobs have been lost at Park Valley Mills, Lockwood .
Indygo Ltd, a dyeing and finishing company, was launched at the mills in September, following a management buyout of part of Drummond Parkland.
But now employees have been told their jobs have gone after the business went into receivership.
One employee, who has worked at the firm for 30 years, revealed workers were informed of the redundancies on Friday.
"We had a meeting at 2pm and at 2.30pm we were out of work," he said.
"We were told it was going into receivership due to difficult trading conditions.
"It was a surprise as we had no indication it was going to happen."
He said workers were told they would get redundancy payments but would not receive it for six weeks.
"They have paid us up," said the worker.
"They have been fair. We should get paid our wages next week."
The man said most took the news well.
"We were getting fed up with all the take-overs which were happening about every three or four years."
Indygo Dyeing and Finishing was launched in the summer following a merger of the dyeing and finishing arm of Drummond Parkland, which operated at Park Valley Mills and Bradford cloth finisher Armitage.
Officials at the firm declined to comment this morning.