Dunlop Motorsport Europe has announced its closing its plant in Erdington in Birmingham with the loss of 241 jobs.
The tyre maker says it's moving production to other plants in its European Manufacturing network.
The firm's lease expires on the site near Jaguar Land Rover's Castle Bromwich plant in September.
A consultation process with Trade Unions will now start.
More top news
A lack of political will is holding back schools in the Midlands, which has some of the worst in the UK, the head of Ofsted will say.
After a wet and windy start, rain will clear to the north to leave it dry, with easing winds but largely cloudy skies.
Early rain will clear northwards during the morning, allowing drier conditions behind.