Bosch axes 900 employees at Miskin Cardiff plant.
A struggling car parts factory is set to close at a cost of 900 jobs. dealing a further blow to British manufacturing, the decline of which has been accelerated by the recession.
Many thousands of jobs have been lost in the sector, concentrated on traditional industrial areas in Wales, northern England and the Midlands.
Bosch said the decision followed a 45 per cent fall in demand for alternators for luxury vehicles. Remaining production will be transferred to a sister plant in Hungary next year.
An official for the German manufacturing business said the decision to close the Miskin plant near Cardiff was a symptom of the group’s wider difficulties. The company expects to announce its first annual loss in 60 years in April.
Total losses = 900
Source: FT.com
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