Manufacturing News – Late October 2023
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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.
Closure of the site was first proposed in May, and now the business says there is "no viable alternative". SKF said it would be closed for production by the end of 2024 in a staged process.