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SME manufacturing firms continue to relocate to the EU


pellinore

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Posted (edited)

It is largely unreported in the MSM, but UK firms continue to relocate to the EU top take advantage of the huge frictionless market it offers. Each medium sized company that moves means less money and jobs in the local economy.

A Luton manufacturing company has finally announced it will close its doors – after more than 100 years in the town.

SKF, which manufactures roller bearings, revealed plans in May to move its operations to Poland, by the end of 2024.

The Luton factory employs approximately 300 people and will be closed for production by the end of 2024 in a staged process.

In a statement the company said: “Following a consultation process with employees and union representatives, SKF confirms the proposed closure of its factory in Luton, UK. The proposal was made in May 2023 as part of a consolidation of the Group’s spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets.”

300 jobs to go as SKF confirms Luton factory closure in 2024 (lutontoday.co.uk)

Edited by pellinore
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