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

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·
    3 days 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.