Jaguar car workers are to be balloted on strike action following Ford's decision to halt production at the Browns Lane site in Coventry.
The weak dollar has hit sales of Jaguars in the US market
The decision was taken after a series of meetings between union officials and shop floor workers.
Unions said there was an "overwhelming" vote to oppose the management's plans.
Parent company Ford last week announced plans to stop production at the historic plant, in a move which will make over 1,000 workers redundant.
The Transport and General Workers Union (TGWU) and Amicus have accused Ford of failing to honour agreements about the security of the factory.
"We are not prepared for British workers to be treated as cannon fodder to satisfy American shareholders," said TGWU general secretary Tony Woodley.
"Jaguar workers are angry and feel betrayed by the company they have delivered so much for."
400 voluntary redundancies in manufacturing at Browns Lane
750 white collar jobs lost in Coventry and across the company
310 staff to remain at Browns Lane
425 staff to transfer to Castle Bromwich
300 jobs to be created at Aston Martin factory in Gaydon
On Friday, Ford delivered a blow to workers after it announced plans to stop car production at Browns Lane, with 400 voluntary redundancies and 425 jobs moved to the Castle Bromwich factory.
Jaguar will also lose 750 mostly white-collar staff as back office work is merged with Land Rover.
The plan will leave just 310 jobs at Browns Lane, with workers making wood finishes for Jaguar models.
Heavy losses have made the move necessary, the company maintains, but it stresses that all redundancies will be voluntary with those going offered a generous package.
Ford has also said Jaguar would pull out of Formula One at the end of the season.
Meetings are being held between unions and workers at other Ford-owned plants this week including those making Land Rovers and Aston Martins.