German engineering giant Bosch is set to close a British car parts factory with the loss of 900 jobs, said the company, blaming the economic downturn which has hit the automotive industry hard.  

German engineering giant Bosch is set to close a British car parts factory with the loss of 900 jobs, said the company, blaming the economic downturn which has hit the automotive industry hard.
The division in charge of the plant near Cardiff, Wales, will recommend to the firm's board that production be phased out at the factory, which makes alternators for the motor industry.  
A consultation period runs to the end of February so all involved can agree terms for the phase-out of production, before a final confirmation from the board.
Bosch, just the latest in a long line of automotive firms caught up in the fierce global downturn, said Thursday demand for the alternator had dropped dramatically and the firm was on track to make its first loss for six decades. in a statement.
(Source: Daily Telegraph)