NSK Ltd. established its UK operations nearly 50 years ago, opening a plant in Peterlee, County Durham. The bearing manufacturer was the sixth Japanese company to invest in Britain's manufacturing sector. Once a success story of foreign investment, that narrative now faces uncertainty with plans to close two factories.
According to reports, NSK's Japanese parent company announced a restructuring plan for its European operations. The move has met with strong opposition from Unite the Union, the UK's largest trade union, which warns that approximately 400 workers could lose their jobs.
