Tarmac considers Wolverhampton HQ move
West Midlands-based construction supplies firm Tarmac is consulting with employees over how a joint venture with a French company will affect jobs.
Tarmac employs 500 people at its headquarters in Ettingshall, Wolverhampton.
The firm is entering into a deal with French cement company Lafarge which could see a new HQ opening in Solihull.
Tarmac supplies aggregates, ready mixed concrete and asphalt to the construction industry.
Employees were told on Tuesday about the joint venture.
Terry Last, chief executive officer of Tarmac Ltd, said: "We are currently consulting with employees on how the Tarmac/Lafarge joint venture will be structured once the regulatory process is complete.
"It would be inappropriate to comment publicly while these conversations with employees are still ongoing."
The company has been based in Wolverhampton for more than 100 years.
Pat McFadden, Labour MP for Wolverhampton South East, the constituency covering the current Tarmac headquarters, said he had spoken to the chief executive to express his disappointment at the decision.
"What we need desperately in Wolverhampton is more jobs and more businesses coming here, not companies like Tarmac leaving the area," Mr McFadden said.