Trends-UK

NSK plans to close Peterlee factories putting 400 jobs at risk

Plans to shut two bearing factories are a “betrayal” to the almost 400 workers who could lose their jobs, a union has said.

Japan-based NSK Ltd has told staff it is looking to end production at its two factories in Peterlee, County Durham, as part of a restructure of its European business.

Unite the Union general secretary Sharon Graham said staff at NSK Bearings and AKS Precision Ball had “broken their backs” to hit targets on the understanding the factories would remain open.

NSK said it would consult with unions on the proposed closures, which were part of a wider scheme to “withdraw from unprofitable businesses”.

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