NSK, which has supplied bearings to automotive producers in the UK including Nissan's Sunderland plant, says the Peterlee site has become unprofitable.

cross-posted from: https://lemmy.zip/post/53225495

Unite blamed pressures on automotive parts suppliers from weak demand hitting car manufacturers during the transition away from internal combustion engines to electric vehicles.

  • Sepia@mander.xyzEnglish
    2·
    1 day ago

    The pressure on car markets are not limited to the UK. China’s BYD literally warned a ‘bloodbath’ in its Chinese domestic market, and we have been watching mass layoffs and bankruptcies in China, Europe, the U.S. in recent years.