Union representatives and a Birmingham MP will meet with Business Secretary Kwasi Kwarteng over the threat to axe 519 jobs at GKN Automotive in the city.
The meeting, due to take place on Thursday, comes just over a month after the engineering firm announced it was shutting its plant in Erdington.
The factory makes driveline systems and it is rumoured the jobs will be moved to its plants in mainland Europe.
Speaking in the House of Commons, Erdginton MP Jack Dromey said: “Will the Secretary of State, who has agreed to meet with us on Thursday of this week, work with us on alternatives to closure? The workforce, the union Unite and myself.”
He said the car industry would be increasingly focused on manufacturing electric vehicles which would require high-value components which “should be built here in Britain”.
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Mr Kwarteng said: “I’m delighted that I will be seeing him and others on Thursday to see what can be done in respect of this critical issue.”
Trade union Unite has said it is working on a rescue plan to secure the future of the plant.
National officer Des Quinn said: “The Chester Road factory is a highly viable site and Unite is committed to pursuing every option to keep it open.”
Staff were told of the plans for the Erdington factory in January.
A letter from GKN Automotive’s chief executive Liam Butterworth said at the time:
“Sadly, an increasingly competitive global market means that the site is no longer viable.
“This is despite significant effort and investment over the past ten years to reduce the site’s high operating costs and make it competitive.
“Supporting our people is our first priority as we consult on this proposal.”
If GKN, whose global head office is in Redditch, presses ahead with the closure plan, it is likely to take around 18 months to wind down operations.