TVR to close factory with loss of 260 jobs
"They propose to keep some presence in the UK but we don’t know what that is. It sounds like it may be a relocation," a TGWU spokesman said. TVR said the company would not be closing and that it was looking for new premises in the area.
TVR, which was bought in 2004 by Nikolai Smolensky, the son of Russian banker Alexander Smolensky, was not immediately available for comment. Media reports say the firm’s sales have suffered over the Winter.
The job losses are another blow for the British car industry which last week saw 2,300 jobs go at Peugeot’s plant at Ryton.