Koyo Seiko Company (Osaka, Japan) will be closing its miniature
bearing factory in Takamatsu by the end of 2002.
The company said the plant's closing is one step in an overall
corporate-wide cost reduction strategy, not a move
away from miniature bearings.
Takamatsu's production will be moved to lower cost facilities
in China and other locations.
The plant currently employs approximately 300 people, but
Koyo said those employees will be offered positions at other
facilities.
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