The Factory Press release reads:
Staff at TVR have been informed today (Thursday) that the company has no plans to re-start production at the Blackpool factory and that as a result, 158 people are to be laid off from the end of this week.
The company announced on 18 October that all production was to be outsourced. Formal consultation on redundancy is continuing with staff and the Transport & General Workers Union and talks have been held with Blackpool Council and the Northwest Regional Development Agency.
Managing Director David Oxley said: "We are continuing to talk to a number of people about plans they are putting forward for the Bristol Avenue factory, but in the meantime we need to make sure we are ready to move production to the new facility as quickly and as efficiently as possible.
We therefore took the decision to stop production at the optimum point for training and handover, which unfortunately means that we have no further work for production staff here.
We regret we have had to take this decision, but we must remain focused on the future of the company and ready to implement our outsourcing plans quickly.
The situation as outlined on 18 October - that agreements are being finalised for the 2007 run of Tuscan, Tuscan Convertible and Sagaris to be produced in Europe with powertrains built in the UK - remains the same.
Our thoughts as always go out to those workers who are losing their jobs and the TVR Car Club is looking at ways in which we might be able to help them.