(CNN Business) A German engineering group has just delivered another blow to Britain's struggling automotive industry. Schaeffler ( SCFLF ), which supplies automakers as well as the aerospace industry, said it was planning to close two plants in the United Kingdom. It highlighted "the uncertainty over Brexit" as a key factor in its decision to shut a plant in Llanelli, Wales, and a second in Plymouth, in southwest England. In total, it has more than 1,000 employees in the country, and will keep its biggest production site at Sheffield. Schaeffler said only 15% of the goods it produces in the United Kingdom remain in the country and the vast majority is exported to the rest of Europe.

Source: CNN November 06, 2018 15:45 UTC