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Report: Iconic Goodyear Wolverhampton plant to close

More than 300 workers are facing redundancy tonight with the closure of the iconic Goodyear tyre-making plant in Wolverhampton.

Unions described the move as "a devastating blow".

The factory has been a rich part of the Midlands' manufacturing heritage for nearly nine decades and closing it has been described as "the end of an era". Watch Peter Bearne's full report:

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Former BMW employee jailed for stealing millions from the company

An accountant is behind bars after he used fraud to steal almost £6 million from BMW to fund his lavish lifestyle.

Johannes Franken, 50, of Fockbury Road in Bromsgrove, made false representations and altered supplier invoices at the business in Cowley to pay funds into his account. He spent more than £200,000 on cars and holidays.

Johannes Franken will spend five years behind bars

He was sentenced to five years and four months in prison at Oxford Crown Court after pleading guilty to money laundering and fraud.

The company says they have had to review their procedures to avoid it happening in the future.

I hope this sentence will act as a deterrent and show that crime does not pay.

– Investigating officer Det Sgt Duncan Wynn

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Former BMW worker jailed for defrauding company of £6 million

He turned to crime to fund a lavish lifestyle. Tonight, though, he is behind bars. Accountant Johannes Franken siphoned off almost six million pounds from his employers - BMW Mini at Cowley, in Oxfordshire. He used it to buy luxury cars and a diving school in Mauritius. Divya Kohli reports on how an employee took his car maker bosses for a ride.

350 Boots jobs will go at Nottingham head office

Credit: PA

It's been confirmed that half of the 700 jobs going at Boots will go at the Nottingham head office and will include support and admin staff.

The Nottingham-based company says it is trying to simplify its structure across roles outside of the stores. Talks will begin with affected staff in due course.

The firm has said that more jobs may be created in its digital unit.

The announcement comes months after the merger between Boots and US pharmacy group Walgreens.

700 jobs to go at Boots

Credit: Anna Gowthorpe/PA Archive/Press Association Images

700 jobs are to go at Boots, the company has announced this morning.

It's reported that half the job losses will be at the Beeston head office.

The job losses will be achieved through redundancy, retraining and redeployment.

Talks are due to begin with affected members of staff.

The company claims they are restructuring to provide a better standard of service for customers and to ensure future growth and that they are "committed" to their presence in Nottingham.

Together with my leadership team, I believe this plan will make Boots even better for our customers and drive sustainable future growth. We also remain fully committed to our presence in Nottingham, which has been the home of Boots since the very beginning.

– Simon Roberts, Boots President

Lincoln road due to open after five months of repairs

The roadworks in Lincoln Credit: Calendar News

A road in Lincoln is officially opening today, after five months of repairs. The five-million pound project around Canwick Road aims to improve traffic flow - but some local traders say they've lost out on business because of the ongoing disruptions.

Drivers say they're still unsure if the improvements will help ease congestion in the area. Lincolnshire County Council admits it sympathises with those who have lost trade during the time of the roadworks, but says no compensation is available.

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Jaguar Land Rover announce record profits of £2.6bn

Jaguar Land Rover has announced record profits of more than £2.6billion.

Jaguar Land Rover cars lined up for export Credit: Chris Ison/PA Wire/Press Association Images

The pre-tax earnings for the year to 31 March are a rise of £113million on the previous year.

The company says it means they can invest in a long term future. They unveiled three new cars in the last year and opened their manufacturing centre in Wolverhampton.

Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future. This has positioned the company strategically and financially for continued sustainable growth.

The past year has been one of significant achievement, with the expansion of our vehicle ranges and our manufacturing footprint.

We are committed to delivering further growth this year, maintaining our relentless pace of launching new models and introducing innovative technologies for our discerning customers around the world.”

– Ralf Speth, Jaguar Land Rover chief executive
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