NSK Plans Withdrawal of Production from Peterlee Site
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NSK Ltd. plans to withdraw production from its Peterlee site in the UK as part of a corporate reorganization due to profitability challenges. Formal consultations with unions have begun, potentially affecting around 350 employees. NSK aims to complete the closure by March 2027 and will provide support measures for affected staff. The full impact on business performance is yet to be determined.
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