Honda could announce as soon as tomorrow plans to shutter its United Kingdom plant in Swindon, a new report finds.
The news site says that the Japanese automaker plans to shut down the British factory in 2022, putting 3,500 jobs at risk.
The Japanese auto manufacturer was due to break the plan as early as Tuesday morning, Sky News said.
Spokesmen for Honda were not immediately available to comment on the report.
According to the vehicle manufacturer's website, the Swindon factory employs thousands of employees.
Ford is also seeking up to 400 voluntary redundancies at its Bridgend engine plant and Land Rover is to shrink its workforce by 4,500, with most of those cuts in the UK. However, Honda might have accelerated those plans because the United Kingdom has failed to secure a post-Brexit trade pact with the EU.
It has also said it was preparing to front-load some production at its plant to ship overseas or build up inventories.
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Martin Lane, Managing Editor of money.co.uk told Express.co.uk: "It's distressing news for Honda employees and their families, especially as Honda's leaving staff in limbo over their fate by not commenting on the matter".
"We take our responsibilities to our associates very seriously and will always communicate any significant news with them first", the firm said.
United Kingdom vehicle manufacturers build about 1.5 million cars per year, so a Honda closure would cut out 10% of all United Kingdom production.
Honda will close a auto factory in western England with the potential loss of 3,500 jobs, British media and a local lawmaker said Monday, in another blow to a British economy made jittery by Brexit.
The closure of Honda in Swindon would have "disastrous implications" for the Kasai automotive plant in Merthyr Tydfil, a source has told the BBC. It ceased building the CR-V crossover there a year ago.
Labour MP Rachel Reeves, chairman of the Business, Energy and Industrial Strategy committee, described the how the closure would be "devastating for Swindon, for jobs, for the supply-chain, and for the UK's auto industry".
The recently agreed EU-Japan trade agreement means tariffs on cars from Japan to the continent will be eliminated, while Britain is struggling to make progress on talks over post-Brexit trade relations with Tokyo.