Bearings manufacturer NSK Peterlee says it has has saved more than £500,000 in capital investment as a result of a continuous drive to attain Investors in People status.
Investors in People is one of the government-accredited standards for training and recruitment.
The Japanese-based company recently achieved the standard for the third time.
NSK has set up 21 improvement groups to recognise and rectify any training and recruitment problems that may arise at its plant.
One group, the pro-factor team, achieved £67,000 year-on-year savings last year by re-engineering equipment to make it more suitable for new contracts.
`The work we did was as a direct result of the training,’ said pro-factor team leader Steve Winter. `Everyone is continuously trained and more knowledge means we can constantly question how and why we do things.’
The team won the National Michelin Award, the European industrial teamwork award, this year.
Human resources director David Smith said Investors in People had made the company more systematic in its approach to developing staff and also in reviewing the benefits of training.