In a recent restructuring move, Dyson, the renowned vacuum cleaner and air-filter manufacturer, announced plans to reduce its UK workforce by approximately 1,000 employees, which represents more than a quarter of their British staff. This decision is part of an extensive global cost-cutting initiative that will affect nearly 15,000 positions worldwide.
The news was delivered on Tuesday morning to the workforce as Dyson strives for continued agility and innovation in highly competitive international markets. With a current headcount of around 3,500 employees in the UK, including offices situated in Wiltshire, Bristol, and London, this reduction follows an ongoing assessment that began prior to the general election announcement in May.
Hanno Kirner, Dyson's Chief Executive Officer, stated: "We have always aimed for a swift adaptation to changing business environments by making necessary changes when required." He further acknowledged the difficult nature of job reductions but promised comprehensive support measures for those affected by these adjustments.
Founded in Malmesbury, Wiltshire, England, Dyson was established in 1991 by Sir James Dyson and continues to maintain its headquarters there as well. The company's R&D activities primarily take place within the UK, with a significant presence at the Dyson Institute where 160 undergraduate engineers work on Dyson projects three days a week in Malmesbury.
The Asian market plays a crucial role for Dyson, with many local competitors producing similar products shortly after Dyson introduces their own. Since its establishment over thirty years ago, the company has expanded its product range to include vacuum cleaners, hair dryers, fans, air filters, and even ventured into wearable technology and robotics.
In a separate matter, it is worth noting that Dyson's founder has seen substantial dividends returned over the past five years, with £4bn paid out to the company's Singapore-based holding entity during this period.
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