Hundreds of workers at Agco,
formerly Massey Ferguson, in Coventry face an uncertain future after
it was announced the firm is switching to a three-day week.
The strength of the pound is
being blamed for a decline in orders, which has led to the lay-off.
Workers were told yesterday
that the three-day week would last throughout October.
A spokeswoman said the
situation would be monitored before a decision was taken on whether to
resume full-time working.
“We are watching the order
book quite closely.
“The strength of the pound
has done some damage to our position in the export market.
“That’s the reason for
the low activity.”
In May Agco chairman Robert
Ratliff said the firm would have to consider its position in this
country if Britain did not join the Euro.
But he quickly moved to
reassure workers that the company was not considering shutting its
Banner Lane plant in Tile hill after making the comments.
Last year the plant produced
14,000 tractors, making it one of the biggest producers in Europe, but
this was well below its capacity of 25,000 tractors.
In the run-up to Christmas
almost 2,000 workers were put on a four-day week because of falling
of the TGWU in Coventry declined to comment on the current situation.