Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

HS2 hold-ups put 2,000 jobs at risk as assembly plant could run out of work

by September 12, 2023
September 12, 2023
HS2 hold-ups put 2,000 jobs at risk as assembly plant could run out of work

Thousands of high-value manufacturing jobs are at risk because Britain’s largest train assembly plant is due to run out of work by the end of the year after delays in the contract to build high-speed rolling stock for HS2.

Ministers are being warned that if the factory, with a workforce of 2,000, is mothballed, 1,400 UK supply chain companies employing as many as 17,000 people also will be affected.

The Litchurch Lane works in Derby has been building trains since the advent of the railway boom during the Industrial Revolution. Since 2021 it has been owned by Alstom after its takeover of Bombardier. It is the French group’s single largest production facility worldwide and includes a workforce of 500 design engineers.

Most recently, the plant has supplied the fleet of 70 trains for the Elizabeth Line on London’s Crossrail network and has supplied London’s Underground and Overground services, as well South Western, Greater Anglia, West Midlands and the c2c Essex commuter lines. Two years ago it won Britain’s first train export order in more than a decade, supplying the Cairo monorail system in Egypt. However, that contract and existing British orders all come to a close by the end of this year.

It had been hoped that the £2 billion design-and-build contract for HS2, won in alliance with the Hitachi plant at Newton Aycliffe, Co Durham, would sustain the factory for years to come. However, the start of manufacturing for that has been pushed back to late 2026 because of delays in the construction of the HS2 high-speed line.

Alstom had been hoping, too, that it would win other contracts to replace or re-engineer the older diesel trains of CrossCountry and Chiltern Railways and to produce new rolling stock for Southeastern, but Department for Transport tenders for that work, delayed by the pandemic, have not been forthcoming.

“There is no pipeline of work for Derby from the first quarter of next year because of the delays and dithering,” Steve Turner, assistant general secretary for manufacturing at the Unite trade union, said. “This could be devastating for Derby and we could be looking at the destruction of the rail supply chain in general in this country.”

It is understood that Alstom is looking at plans to reduce the workforce at Derby after a lack of assurances from ministers. The company said: “Derby is very important to Alstom and to the UK rail sector. It is the only UK factory that can design, engineer, build and test trains for domestic and export markets.”

The transport department said: “Rail manufacturing plays an important role in growing the UK economy and delivering better services for passengers. The government remains committed to supporting the entire sector. We remain in contact with Alstom as it develops a sustainable future for its Derby site.”

Read more:
HS2 hold-ups put 2,000 jobs at risk as assembly plant could run out of work

0
FacebookTwitterGoogle +Pinterest
previous post
Amazon to require self-publishers to declare if content sold on site is AI-generated
next post
Google’s Antitrust Trial Starts: What’s at Stake and Why This Case Matters

You may also like

South East leads in bank loans to small...

October 21, 2024

British workers increasingly likely to work into their...

May 1, 2023

How to stay competitive and foster growth

January 10, 2023

Could Stem Cells Be Useful for Sports Medicine?

January 31, 2023

Oil prices see biggest weekly surge in a...

October 5, 2024

Airbnb ‘reinventing’ itself with £4.8bn share buyback as...

February 14, 2024

Bank of England poised to raise interest rates...

January 30, 2023

Brett Reck: Virginia’s Innovative Financial Expert

July 7, 2024

What is SEO in Digital Marketing? Expert Guide...

October 30, 2024

How to Pay HMRC with Credit Card

December 30, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump asks SCOTUS to uphold freeze on billions in USAID payments

      August 27, 2025
    • Three Years of Sounding the Debt Alarm at Cato and on the Debt Dispatch

      August 27, 2025
    • Trump Administration Rightly Attacks EU Tech Regulations but Tariffs and Censorship at Home Harm Americans 

      August 27, 2025
    • White House demands all Gaza hostages return home ‘this week’ amid stalled talks

      August 27, 2025
    • Bankruptcy, Hell, and Exit Barriers

      August 27, 2025
    • Trump’s DC Death Penalty Crusade Threatens More Tyranny of the Minority

      August 27, 2025

    Categories

    • Business (8,897)
    • Investing (2,246)
    • Politics (16,501)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved