TVR to cut jobs as they aim to move production abroad

TVR to cut jobs as they aim to move production abroad

Sports car maker TVR has said that they are planning to transfer production to Europe and this decision could result in job cuts for around 250 workers.

This decision was announced by company’s Russian owner, Nicholai Smolensky. This news comes as a disappointment for workers at the Blackpool factory. A similar job cut threat had emerged way back in April, when TVR said it needed a smaller site.

Smolensky said in his statement: “Agreements are being finalized for the 2007 run of the Tuscan, Tuscan convertible and Sagaris to be produced in Europe.”

He further said: “We are extremely sorry that after a period of uncertainty and raised hopes that we could continue production ourselves in Blackpool we have had to make this decision. We need to secure the future of the company and move forward. I am afraid we see no other way to do so.”

However, the production of power trains – engines, clutches and gearboxes would continue to remain in Britain.