SKF AB (Sweden; Stockholm: 5251R9N7) at its UK Aeroengine bearing manufacturing plant in Stonehouse, Gloucestershire, has cut an additional 50 workers from the rolls due to the global air travel slowdown. Aircraft usage and new aircraft orders are down, bringing down the need for new aeroengine bearings and refurbishment.

SKF acquired plant back in 2005, after obtaining a minority interest from NSK Aerospace in 2002.

2002 article: SKF acquires NSK Aerospace Europe
The key customer for Aeroengine in Stonehouse is Rolls-Royce. The plant produces and refurbishes bearings for jet engine main shafts and gearboxes.

Aeroengine should not be confused with the Super Precision Bearing division, also in Stonehouse and being moved to two plants in Italy.

article: SKF moving Stonehouse Super Precision to Italy
Laid off Super Precision workers had been told they might be able to move to positions at the less hard-hit Aeroengine facility, but that option is reportedly on hold.