Dyson has revealed plans for the loss of 1,000 jobs in the UK.
The maker of innovative vacuum cleaners and other products said the cuts, which represent more than a quarter of its 3,500 UK workforce, followed a review of its global needs.
It is understood that the decision is not linked to the UK general election, as the process has already started previously.
The company’s founder, Sir James Dyson, had previously been critic of the conservative governmentgovernment’s approach to economic growth and science. Labor’s plans were also criticized.
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CEO Hanno Kirner said: “We have grown rapidly and, like all companies, we review our global structures from time to time to ensure we are prepared for the future. As such, we are proposing changes to our organization, which may result in redundancies.
“Dyson operates in increasingly fierce and competitive global markets where 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.
“Decisions that impact close and talented colleagues are always extremely painful. Those whose roles are at risk of redundancy as a result of the proposals will be supported throughout the process,” she concluded.
Dyson signaled that the UK would continue to be a vital hub for its research and development operation.
The Malmesbury campus in Wiltshire will also continue to be home to the Dyson Institute, which offers engineering degree programs.
It was the company’s historic UK headquarters until 2019, when Sir James decided to move to Singapore.
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The billionaire businessman, who promptly spoke out in favor of Brexit, denied that the measure was a reaction to the United Kingdom’s departure from the European Union.
Asia has long been Dyson’s production base due to lower costs and its main growth market for sales.
The company faced criticism, however, because by moving to Singapore, Dyson took advantage of the EU’s free trade agreement with the city-state and avoided new trade restrictions between the UK and the EU.
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