The Huntingdon-based racing car manufacturer Lola went into administration yesterday after announcing its intentions last week.
It's understood that redundancies have been made to the workforce of 172. The administrators are meeting staff today to talk about the future of the company.
They will also be speaking to perspective buyers and say there has been "significant interest" in the company.
More than 70 people have been made redundant from the Huntingdon-based racing car manufacturer Lola.
The racing car engineering company Lola Cars International, based in Huntingdon, has announced it has brought in the administrators.