| 03/14/2002 | Raleigh has announced that they will close their last factory in Nottingham according to the BBC. This will be the end of 114 years of bicycle production in the city. With the closure of the assembly plant 280 workers will loose their jobs.
Raleigh was founded in 1888 by Sir Frank Bowden, who bought an interest in a small bike company in Raleigh Street in Nottingham. After World War II they employed over 8,000 people in the city. Raleigh stopped making bicycle frames in 1999, and its Triumph Road site was due to be sold at the end of 2003. Raleigh UK said cheap imports from the Far East were largely to blame for the decision.news.bbc.co.uk
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