Sports car manufacturer TVR, one of the few remaining independent auto makers in the country, is to close down its Blackpool factory with the loss of 260 jobs, unions said on Monday.
The Transport and General Workers Union (TGWU) said TVR had told their officials at a meeting that the factory would be shut down in six months.
"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.
"Our members, the workforce, are in a state of shock."
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.
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