Director of The Initiative in Swindon & Wiltshire Ian Larrard said his organisation, part of lobbying and advice group Business West, will work with Honda to help it maintain manufacturing in the town.
He also said support would be given to workers losing their jobs, particularly those looking to start their own business.
“We understand the serious situation the factory in Swindon is currently experiencing, and the difficult decisions which have had to be made regarding more jobs at risk,” he said.
“Despite the restructuring that will take place, we note the confidence from Honda placed in the Swindon factory, which remains as its hub for European car manufacturing, with the need to align production numbers with reduced but now stable sales volumes.
“The immediate issue is to work with the company to ensure that full support is given both for their manufacturing operations in Swindon, but to also support the 340 associates (employees) that may be impacted by this decision.
“Amongst the help Business West will be able to provide will be face to face support for associates who are interested in starting their own business including details of the Ready for Business programme and information on start-up loans.
"Previously Business West has supported a task force to help affected employees and we will work with local organisations again utilising our knowledge and contacts across the region.”