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flag NSK to close UK plant by 2027, threatening 400 jobs due to profitability issues.

flag NSK, a Japanese automotive supplier, plans to close its Peterlee, County Durham plants by March 2027, risking up to 400 jobs. flag The company cited ongoing profitability issues with locally produced bearings, used in both traditional and electric vehicles, as the reason, part of broader European restructuring. flag The sites supply major automakers including Volkswagen, Renault, and Nissan. flag Unite union opposes the move, calling it a betrayal despite strong performance and job security assurances, and demands government action to protect the sector amid industry shifts. flag NSK will support affected workers through the transition.

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