Japanese automaker Honda confirmed Tuesday that it plans to close its Swindon car plant in the U.K., risking the loss of 3,500 jobs.
CEO Takahiro Hachigo said in a press conference Tuesday the decision was part of a global restructuring plan. Hachigo also said that Honda would continue to base its European headquarters in the U.K.
Meanwhile, another official from Honda told BBC radio on Tuesday that the closure was not Brexit-related, according to Reuters.
British government officials have expressed their disappointment over Honda's decision to close its only plant in the U.K.
"The U.K. is one of the leaders in the development of these technologies and so it is deeply disappointing that this decision has been taken now," Business Secretary Greg Clark said, according to Reuters.
"This is a devastating decision for Swindon and the U.K.," Clark said. "This is a commercial decision based on unprecedented changes in the global market."