More than 500 staff are facing the axe at a Birmingham engineering plant as the company looks to move production elsewhere.
GKN Automotive, which makes driveline systems, has begun consulting with 519 employees over the closure of its plant in Chester Road, Erdington.
GKN, which is one of the 海角视频's oldest engineering firms, has its global headquarters in Redditch and was sold to Birmingham-based investment firm Melrose Industries in 2018 for £8.1 billion.
A letter from GKN Automotive's chief executive Liam Butterworth said: "GKN Automotive has taken the difficult decision to propose the closure of our assembly site at Chester Road, Birmingham.
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"Sadly, an increasingly competitive global market means that the site is no longer viable.
"This is despite significant effort and investment over the past ten years to reduce the site's high operating costs and make it competitive.
"Supporting our people is our first priority as we consult on this proposal.
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"We will then commence a period of consultation with the union and employee representatives in the coming weeks."
The letter went on to say it would take around 18 months to wind down operations at the plant with work there to be transferred to other sites in the company's network.
Members of staff who contacted BusinessLive said they had been told production would be moving to GKN sites in Europe but the company has not provided any specific details on this matter yet.
This announcement will not affect other GKN Automotive facilities in the 海角视频, including a site in Minworth near Sutton Coldfield and an office in Birmingham.
This latest move by the firm follows the news in spring 2019 that it would and five months later the same division said it was shedding 1,000 staff across its global plants by integrating four arms of the business.
The 2018 takeover by Melrose was controversial, with Labour MP for Erdington Jack Dromey and trade union Unite calling on the Government to block it.
Mr Dromey said: "Despite all the warm words by Melrose in 2018 to protect the future prosperity of GKN and its British workforce, the cold reality three years on is that one of GKN's finest plants now faces closure.
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"Melrose promised a bright future to GKN's employees - a promise they have now broken.
"This announcement is completely unexpected by employees at GKN. Working together with their trade union Unite I will be seeking an urgent meeting with the company.
"We now face the potential of British workers seeing their jobs move abroad to one of GKN's many continental plants."
A press statement issued by GKN Automotive added: "Proposing this closure is a difficult decision which has been made despite significant effort and investment over the past ten years to reduce the high operating costs at the Birmingham assembly site.
"Sadly, an increasingly competitive global market means that the site is no longer viable.
"Supporting our people is our priority as we consult on our proposals."