Hundreds of jobs at risk as North Yorkshire factory halts production
Pensions group Legal & General are looking at closing their modular housebuilding plant near Selby
Hundreds of jobs are at risk at a major factory in North Yorkshire, which has halted production.
Pensions group Legal & General has confirmed it's reassessing it's modular housebuilding plant near Selby following weak demand.
In a statement, it said: "a number of factors, including long planning delays and the impact of recent macro events such as Covid, have meant the business has not been able to secure the necessary scale of pipeline to make the current model work.
"Without this pipeline, it has not proved possible to build a business that can sustain the significant running costs of the large factory in Selby."
Around 450 people are employed there.
Chair of Legal & General Modular Homes' Board Bill Hughes said: "Regrettably, this includes commencing consultation with all employees around the proposal to make the majority of Modular Homes roles redundant.
"We recognise this will be a challenging and uncertain period for our staff and we will be actively exploring redeployment opportunities and supporting them during this difficult time."