Car parts manufacturer Bosch has announced it will close its South Wales plant with the loss of around 900 jobs.
Bosch will shift the work at the Cardiff plant to Hungary from 2011 and said it needed to restructure its business if it was to prosper in the long term.
In a statement, Stefan Asenkerschbaumer, president of the Bosch starter motors division, said: “I deeply regret that we could not find a solution for the Cardiff plant. I have spent time in a previous role as plant manager in Cardiff and I know first-hand the dedication and commitment of the employees here.
"Therefore, this is for me personally one of the toughest decisions in my career. Without structural adjustment the long-term commercial future of the whole division is at serious risk."
