Rolls-Royce will make nearly 400 job cuts with a large number of them going at their plant at Ansty, near Coventry, according to reports.
The union Unite claim the factory is to close in the future.
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Further snow showers are expected to continue through the morning, easing somewhat during the afternoon.
Strong, bitterly cold winds, with sunny intervals and scattered snow showers.
Old Market Square in Nottingham was a blaze of orange, green and white as hundreds brave the blizzard-like conditions.