A Japanese manufacturing agency has revealed plans to close a manufacturing facility in County Durham, putting tons of of jobs in danger.
NSK stated it was proposing to shut its web site in Peterlee as a part of a method to exit unprofitable companies.
The manufacturing facility, which produces bearings for the automotive trade, employs roughly 350 folks.
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NSK stated it had begun consultations with union representatives on its plans.
The corporate first opened the Peterlee web site in 1976. It has one other UK manufacturing facility at Newark in Nottinghamshire and one other three in Germany and Poland.
The Peterlee manufacturing facility produces bearings for steering columns and wheel hubs.
Its clients are understood to incorporate fellow Japanese agency Nissan, which has sprawling automotive manufacturing services simply up the coast at close by Sunderland.
Its assertion stated NSK Europe had confronted “persistent challenges in the profitability of locally manufactured products”.
“NSK will continue discussions with stakeholders and provide support measures for affected staff if the closure proceeds, which is expected to be completed no later than March 2027.
“The corporate has not but decided the complete affect of this determination on its enterprise efficiency,” the assertion concluded.
Challenges for UK producers in current occasions embody excessive vitality prices, although the Peterlee manufacturing facility is known to have been run on energy generated purely from wind.
