Legal & General is to stop production at its Yorkshire modular housing facility, seeing around 450 jobs affected.
Reports from Sky News indicate that the company is proposing to reduce business activity and cease new modular production at its Selby site following a lack of demand.
Existing orders will be completed to ensure delivery.
The COVID-19 pandemic and planning delays are said to be the main reasons why the facility has been unable to deliver the number of orders needed to become profitable.
The business is commencing consultation with employees around making most modular homes roles redundant.
