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NSK to close UK plant by 2027, threatening 400 jobs due to profitability issues.
NSK, a Japanese automotive supplier, plans to close its Peterlee, County Durham plants by March 2027, risking up to 400 jobs.
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.
The sites supply major automakers including Volkswagen, Renault, and Nissan.
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.
NSK will support affected workers through the transition.
NSK cerrará la planta del Reino Unido para 2027, lo que amenazará 400 empleos debido a problemas de rentabilidad.