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home / news releases / SKFRY - SKF consolidates manufacturing and organizational structure in France


SKFRY - SKF consolidates manufacturing and organizational structure in France

SKF (SKFRY) announces manufacturing of slewing bearings would be moved from Avallon to St-Cyr-sur-Loire, resulting in the proposed closure of the Avallon factory and enables a more competitive and flexible offer to customers, as well as the realisation of synergies from the existing service centre and logistics capabilities in Saint-Cyr. Kent Viitanen, President, Bearing Operations, says: "We have announced a number of factory consolidations during the year and whilst these are difficult decisions to take, they are necessary to ensure we can continue to meet the needs of our customers in terms of competitiveness, flexibility and quality. We are committed to working with our employees to ensure a smooth transition into training programmes and new employment opportunities." The Avallon site currently has 140 employees and activities are expected to stop by the end of 2022.The restructuring of manufacturing, business and administrative functions in France is expected to impact ~110 employees.

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SKF consolidates manufacturing and organizational structure in France
Stock Information

Company Name: Aktiebolaget SKF ADR
Stock Symbol: SKFRY
Market: OTC

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