Up to 143 jobs are to be axed after a machine manufacturer revealed it was closing a plant near Wolverhampton.
Engineering giant Sandvik Machining Solutions plans to shut its Featherstone plant and move production out of the 海角视频.
A spokesman for the company said it had 鈥渆xcess manufacturing capacity in Europe鈥.
The Featherstone plant is expected to close at the end of the year.
The spokesman said: 鈥淭he reason is due to excess manufacturing capacity in Europe. To remain competitive the company needs to reduce production costs by concentrating production in fewer plants. The Featherstone unit carries the smallest volume of any of the company鈥檚 European plants and volumes for this type of product are not growing in the 海角视频.
鈥淭he decision is in line with the wider Sandvik Machining Solutions restructuring program announced on December 17, 2013, to ensure long-term competitiveness.
Swedish parent company Sandvik has other production bases in Coventry, Halesowen and Stoke-on-Trent, and said they were unaffected.
The company makes metal-cutting tools for engineering, aerospace and car firms, which it said were 鈥渘ot growing in the 海角视频鈥.
The firm said it 鈥渧ery much regrets the need for this action鈥 and has begun discussions with the Unite trade union, which represents many of the workers.
