Over 200 jobs are to be lost at a car parts factory in the Black Country.
International electronics company Omron said it will close its UK base in Kingswinford, near Stourbridge, next year. The Japanese-owned firm supplies high-tech electronics to many manufacturers, including Honda, Toyota and Nissan. Operations in the US, Canada and Europe will continue. Up to 240 staff are facing redundancy. The firm is blaming a downturn in demand for new cars.
This follows news that GKN had cut at least 2,800 staff worldwide since October, as the result of the slump in car sales, which has been blamed upon the lack of availability of loans from banks. GKN supplies Land Rover and Ford among others, said it had cut 242 UK positions so far. GKN said all its car part plants were now continuing to work shorter weeks due to the falling demand.
This report was compiled by Justin Woodcock on behalf of Find a Part, Car Parts Search Specialists.
