Peugeot staff who are preparing for life after the closure of the Ryton plant will take heart from the story of six former Massey Ferguson workers who started up their own company.
Agri Transmissions was founded by Graham Holyfield and five colleagues - Ken Webb, Colin Jacox, Garry Beasley, Richard Barlow and Jeff Packard, after the demise of the tractor firm's Banner Lane factory three years ago.
They decided to use their expertise to start up in business on the Attleborough Industrial Estate in Nuneaton repairing and servicing gear-boxes used in the famous tractors.
Mr Holyfield, who is aged 61, revealed Agri Transmissions had just passed the £1 million turnover mark since its inception.
He said: "It is an achievement for all six of us. It was soul destroying to realise you are going to lose your job but it was not the time to be bitter.
"We did a lot of research and realised there was a niche here for us. It was nerve-wracking to start with because everything was new to us and there was a big vertical learning curve.
"Agco have been very supportive, as have Business Link and UK Trade and Investment who have helped us tremendously with advice and marketing."
They continue to predominately deal with Agco, the parent company of Massey Ferguson, which currently manufacturers its vehicles in France, Turkey and Brazil, but are now looking to branch out into a new field.
Agri Transmissions is turning its attentions to renewable energy and aiming to become one of the first UK companies to repair the gear-boxes in wind turbines.
Mr Holyfield said: "We thought we should get in on the ground with renewable energy and we are very excited about the project."
The company recently went on a trade mission to Hamburg in Germany with the support of Business Link and UKTI and as a result have interest from German wind turbine firms.
Business Link adviser Peter Arnott said Agri Transmissions are an example to blue collar workers that they can succeed in business.
He said: "All six of these men were over 50 when they lost their jobs but they had the guts and tenacity to use their skills to their advantage.
"After more than two years they are still going strong, are growing by 20 per cent a year and now looking to diversify."