To solve various reworking and repair problems caused by unqualified bearing product quality inspections, this paper introduces a green re-entrant scheduling optimization method for bearing production shops considering job reworking. By taking into account quality inspection constraints, this paper establishes an integrated scheduling mathematical model based on the entire processing–transportation–assembly process of bearing production shops with the goals for minimizing the makespan, total carbon emissions, and waste emissions. To solve these problems, the concepts of the set of the longest common machine routes (SLCMR) and the set of the shortest recombination machine combinations (SSRMC) were used to propose the re-entrant scheduling optimization method, based on system reconfiguration, to enhance the system stability and production scheduling efficiency. Then, a multi-objective hybrid optimization algorithm, based on a neighborhood local search (MOOA-LS), is proposed to improve the search scope and optimization ability by constructing a multi-level neighborhood search structure. Finally, this paper takes a bearing production shop as an example to carry out the case study and designs a series of experimental analyses and comparative tests. The final results show that in the bearing production process, the proposed model and algorithm can effectively realize green and energy-saving re-entrant manufacturing scheduling.