TOKYO, Apr 01 (Pulse News Wire) – NSK Ltd. (6471.T) announced today that it has begun discussions with labor unions regarding the withdrawal of production from its European subsidiaries, NSK Bearing Europe and NSK Precision UK, located in Nottinghamshire's Newark-on-Trent region in central England.
The move is part of the company’s ongoing restructuring efforts in Europe aimed at addressing profitability issues with locally produced goods. NSK plans to carefully negotiate with stakeholders and support approximately 220 employees affected by the potential closure, aiming for completion by March 31, 2027 should the decision be finalized.
NSK Bearing Europe employs 219 workers and produces precision bearings, while NSK Precision UK manufactures precision machinery-related products but currently has no direct staff due to integration with NSK Bearing Europe. Regarding the impact on performance, NSK stated that providing precise figures is challenging at this stage.
The company will conduct a thorough assessment and promptly inform stakeholders once more detailed information becomes available.
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