The London Taxi Company has been building taxis for the capital of England since its founding in 1919. Now the crisis is hitting Chinese-owned companies, which are laying off more people.
The company behind the legendary London Taxi, LEVC (London Electric Vehicle Company), owned by Chinese car giant Geely, is laying off a significant number of employees. The decision comes as a result of challenges in the automotive industry.
This is reported by the BBC .
LEVC, which has produced the iconic black taxi for decades, has announced the layoffs of approximately 45 employees from its factory in Ansty Park, UK. The factory, which opened in 2017, employs a total of 400 people and specializes in the production of electric taxis.
The company explains that the layoffs are necessary to improve efficiency and meet current market conditions. However, production of the electric London Taxis will continue at the factory.
The London Taxi Company has a long history dating back to 1919. In 2006, Geely began a partnership with the company, and in 2013, Geely took full ownership and restructured the operations under the name London Electric Vehicle Company.
The decision to lay off employees comes after a period of unrest at the factory. In June, around 100 workers went on strike when LEVC and the union could not reach an agreement on wage increases.
The layoffs at LEVC are an example of the challenges facing the automotive industry at the moment. Rising costs, supply chain issues and changes in consumer demand are forcing many automakers to adjust their production and workforce.
LEVC has not released further details about the layoffs , but they are expected to affect various departments at the factory. However, the company has assured that it remains committed to producing electric taxis and contributing to a more sustainable transport sector.
The future of LEVC and the iconic London Taxi now depends on the company's ability to adapt to changing market conditions and continue to innovate in electric mobility.
It is still unknown what long-term consequences the layoffs will have for LEVC and the production of London Taxis.
The situation is being closely followed by employees, unions, and industry experts alike, who are interested in seeing how LEVC navigates through the current challenges.
