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
An investigation has been launched by Warwickshire Police following an allegation of electoral fraud relating to the 2015 general election
Boyband Five have pulled out of a Brexit gig organised by the Leave EU campaign after discovering it is a political rally in Birmingham.
A dry day with sunshine but cloud amounts increasing for the afternoon. Feeling warm in sunshine away from the Lincolnshire coast.