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Dyson plans to cut around 1,000 jobs in the UK

Dyson plans to cut around 1,000 jobs in the UK

Dyson plans to cut around 1,000 jobs in the UK

British group Dyson, known for its high-end home appliances, announced on Tuesday “changes to its organisation that could result in redundancies,” according to a statement from managing director Hanno Kirner sent to AFP. The layoffs could affect around 1,000 of its 3,500 UK employees.

“Dyson operates in increasingly tough and competitive global markets, where the pace of innovation and change is only accelerating. We know that we must always be enterprising and flexible,” says Hanno Kirner.

The job cuts would be part of a global plan, the details of which have not yet been specified, according to a source close to the matter. The group employs more than 14,000 people in more than 80 countries.

In January, the brand announced the appointment of Henno Kirner, a former manager of the Indian giant Tata’s battery program, as its chief executive, replacing Roland Krueger, who had led the company for four years.

Growth of 9% in 2023

In 2020, Dyson announced it would invest £2.75 billion (€3.25 billion) over five years in new technologies such as software, robotics, artificial intelligence and more efficient battery technology. The group also said last year it would open a new factory in Singapore to make next-generation batteries. However, it abandoned an ambitious electric car project in 2019 because it faced too much competition.

The group, known for its cordless vacuum cleaners, hand dryers and air purifiers, moved its headquarters from the UK to Singapore that year due to growing demand in Asia. Dyson’s gross operating profit (Ebitda) increased by 9% in 2023, thanks to a similar increase in turnover, to £7.1 billion (€8.4 billion).

Source: Le Parisien

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