A MAJOR car parts plant, who employ hundreds of people have announced the closure of it’s Swansea site.

Toyoda Gosei, who supply components to major car manufacturers such as Aston Martin, Toyota and Honda, will close it’s Swansea site for good putting an estimated 207 jobs at risk.

The closure is part of a wider restructure which affects both the Gorseinon site and Rotherham, England – which will see a further 250 jobs affected.

The Japanese company confirmed the closure of their UK branches on Wednesday, April 27, although the exact date of closure has not yet been announced.

In an announcement on their website, the company said that the decision to close the business in the UK is down to ‘a significant reduction in key UK customer demand’.

In their statement, released on their website, the company said: “Toyoda Gosei Co., Ltd. announced that Toyoda Gosei UK Ltd. (TGUK) has informed its employees of a proposal to close the business in the United Kingdom (UK). TGUK will now enter a formal period of consultation with its employees regarding the proposed changes. The proposal is in response to continued changes in the global automotive sector, and a significant reduction in key UK customer demand. Due to these changes, Toyoda Gosei does not foresee growth of its business there and has decided to make this proposal.

“Restructuring of its global business is one part of Toyoda Gosei’s efforts to achieve sustainable growth into the future. The company has taken previous steps to reorganize its business in Europe, selling its shares in a production subsidiary for automotive parts in Germany in December 2019 and moving some of production to its main European manufacturing site, Toyoda Gosei Czech, s.r.o. (TGCZ). It will continue to improve productivity and strengthen its European business with TGCZ in a central role.

“Toyoda Gosei will respond swiftly and flexibly to the accelerating changes in the business environment with the aim of achieving sustainable growth into the future.”

The Gorseinon site has been a large employer in the area since the plant opened in 2011.