Schaeffler, a German maker of parts for cars and industrial products, announced Tuesday plans to shut two UK sites, with Brexit cited for axing up to a reported 500 jobs.
Schaeffler said in a statement that "uncertainty surrounding Brexit has brought forward" a decision to restructure globally.
"A global business needs to regularly review market conditions and strive to optimise its footprint across different regions," added Regional CEO Europe, Juergen Ziegler.
"The proposed measures we have taken for the UK reflect this business reality. However, we remain committed to keeping certain activities in the UK, a country that will continue to be important to us."
"The uncertainty surrounding Brexit was one factor amongst others in the analysis of the UK market."
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