Dyson, the company best known for its bagless vacuum cleaners, is preparing to lay off around 1,000 employees, the BBC reported. The company said cost-cutting was necessary to prepare for the future in times of increasing competition in global markets.
As part of the global restructuring Around 1,000 jobs at risk at DysonA well-known company that sells bagless vacuum cleaners has decided to cut costs in the face of fierce competition in global markets.
“With this move, Dyson is ready for the future,” said Hanno Kerner, Dyson’s chief executive, adding that the company would support those at risk of being made redundant.
Kerner stressed that The company operates in “increasingly fierce and competitive global markets.”Making it “flexible and bold”.
Dyson employs 3,500 people in the UK, meaning that nearly a third of its workforce is available for hire. The company’s headquarters are located in three UK cities: Bristol, London and Wiltshire.
Dyson’s failed investments
Professor Andrew Greaves, a mechanical engineer and political scientist at the University of Bath, said industry leaders were not surprised by the company’s decision and had “warned about it for a long time”. “There is huge competition for Dyson products around the world and many of the company’s products have not been successful recently,” he said.
As the professor confirmed, The company has allocated PLN 2 billion to build an electric car.But he quickly withdrew the money and abandoned the project because it was too difficult to implement. He pointed out that some of their latest products were not very good, and that the company was currently fighting on many fronts.
Dyson was founded by inventor Sir James Dyson, who is ranked fifth in the Sunday Times Rich List with a personal fortune of £20.8 billion. Dyson is a strong supporter of Brexit, arguing that leaving the EU would restore the “spirit of freedom” to Britain.
Main image source: E-Query / Shutterstock.com
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