Toyoda Gosei is to axe its plant in the UK.
“TGUK will now enter a formal period of consultation with its employees regarding the proposed changes. The proposal is in response to continued changes in the global automotive sector, and a significant reduction in key UK customer demand. Due to these changes, Toyoda Gosei does not foresee growth of its business there and has decided to make this proposal,” the supplier said in a statement.
The company has taken previous steps to reorganise its business in Europe, selling its shares in a production subsidiary for automotive parts in Germany in December 2019 and moving some production to the main European manufacturing site in the Czech Republic.