Thanks for all the comments everyone. Well, 175 jobs are going. I estimate that is 90% of the work force. They are creating 24 engineer posts in renewable engery. So the chances are slim. They're taking on the cream of the crop, so if someone is better experienced than me, then they are more likely to get it.
However, the company has to finish the contracts they aready have until they finish, so not sure where my job will stand in terms of that. Might still be a decent amount of work left. I'm having a meeting with my manager tomorrow, so will hopefully find more out then.
I'm going to look for another job anyway, this company have messed me round far too much already.
As for the Clio, well, I'm keeping it until I find out more. But as it is the only thing I have hanging round my neck finacially, it would make sense to sell it so I don't have the finacial burden every month to worry about.