Brexit a factor in Schaeffler plant closures

Herzogenaurach, Germany – Schaeffler is closing two UK plants – at Plymouth (Barden Corp. Ltd) and Llanelli – in part due to Brexit, the global automotive and industrial supplier announced 6 Nov.

Over the next two years, production at these plants will be relocated to sites in the US, China, South Korea and Germany, said Schaeffler, which makes industrial bearings and transmission components

“The uncertainty surrounding Brexit was one factor amongst others in the analysis of the UK market,” the German group stated.

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