Schaeffler sells UK plant in job-securing deal
Posted On May 9, 2019
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Schaeffler said in a statement that the Barden factory, which mainly produces machine parts for its industrial division as well as precision bearings for aerospace and defense, will continue to supply it and stay open with all jobs intact. It did not disclose financial details of the deal.
The company had originally proposed closing two of its three British plants, Llanelli and Plymouth, relocate their production and combine its two logistics centers in a single location.
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