Mitsubishi blames high gas prices and inflation for the possible closure of its Teesside factory.
The site has operated under various owners since 1930 and was acquired by Mitsubishi in 2009
In a statement, it said it had explored options included a temporary mothballing of the site but had concluded it was not viable. "Our employees and various partners have worked tirelessly and creatively to support the business in delivering high-quality products safely and sustainably over decades but our position now and looking ahead appears simply unsustainable.
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