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6471 NSK News Story

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Entered Into Formal Collective Consultation With Union On Proposal To Withdraw Automotive Bearing Production At Units In Durham, North East England

Nov 12 (Reuters) - NSK Ltd 6471.T:

NSK LTD - NOTICE REGARDING PROPOSED WITHDRAWAL OF PRODUCTION FROM PETERLEE SITE, UK

JAPAN'S NSK LTD - ENTERED INTO FORMAL COLLECTIVE CONSULTATION WITH UNION ON PROPOSAL TO WITHDRAW AUTOMOTIVE BEARING PRODUCTION AT UNITS IN DURHAM, NORTH EAST ENGLAND

JAPAN'S NSK LTD - IF CLOSURE PROCEEDS, WE ENVISAGE THIS WOULD BE NO LATER THAN MARCH 2027 AND NSK WILL IMPLEMENT ALL NECESSARY MEASURES TO SUPPORT ALL CIRCA 350 EMPLOYEES WHO MAY BE AFFECTED

Source text: ID:nTSwl91e0f

Further company coverage: 6471.T

 (Reporting by Kantaro Komiya)

 ((Kantaro.Komiya@thomsonreuters.com;))

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