Dyson to axe 1,000 UK jobs
By Frank Prenesti
Date: Tuesday 09 Jul 2024
(Sharecast News) - Vacuum cleaners and household electrics maker Dyson said it was cutting 1,000 jobs in the UK.
Employees were told of the cuts on Tuesday morning as part of moves to reduce the business's 15,000-strong workforce around the world amid a wider plan to slash costs.
Chief executive Hanno Kirner said the company was responding to global markets and ensuring its future. Dyson has 3,500 UK employees with offices based in Wiltshire, Bristol and London.
"We have grown quickly, and, like all companies, we review our global structures from time to time to ensure we are prepared for the future," he said.
"As such, we are proposing changes to our organisation, which may result in redundancies."
"Dyson operates in increasingly fierce and competitive global markets, in which the pace of innovation and change is only accelerating. We know we always need to be entrepreneurial and agile - principles that are not new to Dyson."
Reporting by Frank Prenesti for Sharecast.com
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