Page last updated at 21:06 GMT, Wednesday, 30 April 2008 22:06 UK

Factory closed after redundancies

New Pinzgauer vehicles could be made in South Africa

Staff at a military vehicle factory in Surrey have left work for the last time after being made redundant.

Dozens of staff at Pinzgauer have lost their jobs less than a year after the company was bought by BAE Systems.

More than 100 people were employed by Pinzgauer at its two sites in Guildford and Fareham, Hampshire.

A small team will remain in Guildford until August. Pinzgauer was acquired by BAE in August 2007, as part of the company's takeover of Armor Holdings.

'Company growth'

A Pinzgauer engineer said the employees were disappointed to lose their jobs and with the offer of the statutory minimum redundancy package.

"A lot of people have there since it was a small company and seen it grow enormously," he said.

"The redundancy package has not been generous by any stretch of the imagination."

The closure of the factories means the end of production for the Pinzgauer I Vector Project.

BAE announced in September 2007 that a new generation of the all-terrain wheeled vehicle, the Pinzgauer II, would be built in Guildford and Fareham.

However, if the new model goes into production it will be built in South Africa.

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