Black cabs

LEVC, previously known as the London Taxi Firm, was purchased by Geely in 2013

About 140 jobs are set to go on the London Electrical Automobile Firm (LEVC), in Coventry.

The agency mentioned, like different automotive companies, it had been severely affected by the Covid-19 pandemic and could be on the lookout for voluntary redundancies.

The transfer kinds a part of a package deal of measures to enhance money movement.

LEVC developed London’s first electrical black cab, with greater than 4,400 autos now on the capital’s streets.

It mentioned a disruption to produce chains throughout the pandemic and “important international financial challenges” meant there was a have to restructure the enterprise.


The corporate’s HQ is at Ansty Park in Warwickshire

The London Taxi Firm, since renamed LEVC, confronted administration in 2013 earlier than China’s Zhejing Geely Holding Group stepped in to rescue the agency.

It opened a £300m plant in Ansty in 2017, creating greater than 1,000 jobs.

Constructive future

Prof David Bailey, of Birmingham Enterprise Faculty on the College of Birmingham, mentioned the transfer was a “nice disgrace”.

“The longer term appears to be like constructive, however proper now its is fairly robust,” he mentioned.

“Long term the longer term is electrical for automobiles, taxis and vans.”

West Midlands Mayor Andy Road described the announcement as “extremely unhappy”.

“It’s a good West Midlands model producing inexperienced, clear taxis worldwide – it’s iconic what’s being performed there,” he mentioned.

“If it [job cuts] is a part of the way in which [the company] can grow to be extra profitable for the long run, generally it needs to be performed.”

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