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 four-year-old who has a rare form of muscular dystrophy has returned home for the first time after spending her whole life in hospital.
Police in Northamptonshire say there will be increased security at next weekend's British MotoGP at Silverstone.
Drivers travelling into and out of Birmingham will be able to join and leave the M6 at junction 6 this weekend.