/PRNewswire/ Following a consultation process with employees and union representatives, SKF confirms the proposed closure of its factory in Luton, UK. The.
A Swedish-based business has confirmed it is closing a UK factory with the loss of 300 jobs after more than a century of manufacturing. SKF began production in Luton in 1911, under the name Skefko Ball Bearing Company, the company's first site outside Sweden. The company, which used to be Luton Town FC's shirt sponsor, said the closure was part of a "consolidation of the group’s spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets."
GOTHENBURG, Sweden, May 31, 2023 /PRNewswire/ SKF today announces a consolidation of its spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets.