Ford has become the latest major car manufacturer to cut production in Britain as the global financial crisis begins to engulf the European motor industry.
Workers at the Ford Transit factory in Southampton will now work a four-day week until the end of the year.
It means 17 fewer days of production at the plant - all part of an effort to avoid stockpiling vehicles that aren't selling.
The Transit is the only vehicle that Ford builds in the UK. As we've previously reported, there's been speculation about the Southampton factory's future for some time. Some Transit production has already moved to Ford's Turkish factory, where costs are cheaper.
Today Ford of Europe announced that it expects profits to drop in the second-half of the year due to rising raw material costs and a cut in demand for new vehicles.
Car buying in the UK has slowed in part because the financial crunch has led to a shortage in the availability of credit for new cars in Britain.