Page last updated at 16:41 GMT, Monday, 12 January 2009

Concern over 184 motorsport jobs

David Richards
Mr Richards said the company was facing tough times

More than 180 workers could lose their jobs at the Prodrive motorsports company in Banbury, it has emerged.

The company is a partner of Subaru and managed the Subaru World Rally Team, which announced it was pulling out of next year's championship.

The move has put 184 jobs at the company under threat, however, Prodrive said every measure was being taken to keep redundancies to a minimum.

The company has now begun a 90-day redundancy consultation process.

"Subaru's sudden decision to withdraw from the World Rally Championship was a shock to us all and was in a direct response to the dramatic downturn affecting the global motor industry," said Prodrive chairman David Richards.

"Despite the loss of the World Rally programme, our overall position remains strong.

"We have long-term racing programmes in the UK and Australia, and our automotive engineering business, which represents 60% of our turnover, is expanding its work with vehicle manufacturers on future technologies."



Print Sponsor


SEE ALSO
Workers at Prodrive face job cuts
09 Jan 09 |  Oxfordshire
Prodrive signals renewed F1 hopes
17 Dec 08 |  Formula One
Prodrive chief 'may turn to F1'
17 Dec 08 |  Rallying
Subaru pull out of world rallying
16 Dec 08 |  Rallying
Suzuki pull out of world rallying
15 Dec 08 |  Rallying
Button hopeful over Honda future
08 Dec 08 |  Formula One

RELATED BBC LINKS

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific