Dyson job cuts: One third of vacuum company's UK workforce to go
How does Dyson plan to support employees facing redundancy?
Dyson plans to support employees facing redundancy by providing assistance and guidance throughout the process. CEO Hanno Kirner emphasized that those at risk of redundancy will be supported, acknowledging the painful impact on talented colleagues. The company is committed to helping affected employees navigate this challenging time.
Why is Dyson cutting a third of its UK workforce?
Dyson is cutting a third of its UK workforce due to increasing competition in global markets and a need to be more entrepreneurial and agile. This decision aims to ensure the company is prepared for the future amidst fierce competition.
What reasons did Dyson give for moving its headquarters to Singapore?
Dyson moved its headquarters to Singapore for commercial reasons, citing an acceleration of growth opportunities in Asia and the need to be closer to its manufacturing sites and supply chains. The company also has a significant presence in Singapore, with over 1,400 employees, and plans to invest S$1.5 billion in its Singapore operations over the next four years5.