Dyson to Slash 1,000 UK Jobs Due To Rising Global Competition

Confidence UbaniJuly 9, 20241 Mins read421

Dyson, the renowned vacuum cleaner manufacturer, is set to cut around 1,000 jobs in the United Kingdom, where it currently employs 3,500 people. This decision comes as the company faces increasingly fierce and competitive global markets.

Dyson, known for its innovative products such as hair dryers and air conditioners, has been reviewing its business structure to prepare for future challenges.

CEO Hanno Kirner stated, “We have grown quickly 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 organiaation, which may result in redundancies.”

While the immediate impact on global jobs remains unclear, Dyson emphasised that those affected in the UK would receive support throughout the process. Despite the job cuts, the UK will continue to be a key research and development centre for Dyson because it houses the company’s Institute of Engineering and Technology in Malmesbury.

This business review began before the UK general election announced in May. The Labour Party won a landslide victory, unseating the incumbent Conservatives after 14 years.