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Dyson to cut nearly one third of workforce

Up to 1000 jobs to be cut by the technology giant.
By Tim Burghes,
Dyson, the well-known consumer goods company, plans to reduce its UK workforce by up to a third in a global restructuring effort.

The company, famous for its bagless vacuum cleaners, aims to prepare for the future amid tough global competition. This decision follows ongoing criticism from founder Sir James Dyson about UK economic policies, with Dyson moving its headquarters to Singapore in 2019.

Dyson employs 3,500 people in the UK, with offices in Wiltshire, Bristol, and London. CEO Hanno Kirner stated that the company needs to be agile and entrepreneurial.

Those at risk of redundancy will receive support during the process. The company moved its head office to Singapore to be closer to its manufacturing sites and supply chains, with more than half of its sales in Asian markets. Singapore also offers a free trade agreement with the EU.

Despite the workforce reduction, Dyson remains profitable and increased its research and development spending by 40% last year. The company insists this decision is based on a global review and not political motives.

Sir James Dyson has been vocal about the UK's high corporation tax and economic policies, which he believes hinder growth and innovation. Corporation tax in the UK increased to 25% in April 2023.

Dyson maintains that the UK will continue to be a key centre for its research and development and home to the Dyson Institute, which has 160 undergraduate engineers. However, there are concerns among employees about the future of R&D in the UK, as some claim roles are moving to South East Asia to cut costs, a claim Dyson denies.
News

Dyson to cut nearly one third of workforce

Up to 1000 jobs to be cut by the technology giant.
By Tim Burghes,
Dyson, the well-known consumer goods company, plans to reduce its UK workforce by up to a third in a global restructuring effort.

The company, famous for its bagless vacuum cleaners, aims to prepare for the future amid tough global competition. This decision follows ongoing criticism from founder Sir James Dyson about UK economic policies, with Dyson moving its headquarters to Singapore in 2019.

Dyson employs 3,500 people in the UK, with offices in Wiltshire, Bristol, and London. CEO Hanno Kirner stated that the company needs to be agile and entrepreneurial.

Those at risk of redundancy will receive support during the process. The company moved its head office to Singapore to be closer to its manufacturing sites and supply chains, with more than half of its sales in Asian markets. Singapore also offers a free trade agreement with the EU.

Despite the workforce reduction, Dyson remains profitable and increased its research and development spending by 40% last year. The company insists this decision is based on a global review and not political motives.

Sir James Dyson has been vocal about the UK's high corporation tax and economic policies, which he believes hinder growth and innovation. Corporation tax in the UK increased to 25% in April 2023.

Dyson maintains that the UK will continue to be a key centre for its research and development and home to the Dyson Institute, which has 160 undergraduate engineers. However, there are concerns among employees about the future of R&D in the UK, as some claim roles are moving to South East Asia to cut costs, a claim Dyson denies.

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News

Dyson to cut nearly one third of workforce

Up to 1000 jobs to be cut by the technology giant.
By Tim Burghes,
Dyson, the well-known consumer goods company, plans to reduce its UK workforce by up to a third in a global restructuring effort.

The company, famous for its bagless vacuum cleaners, aims to prepare for the future amid tough global competition. This decision follows ongoing criticism from founder Sir James Dyson about UK economic policies, with Dyson moving its headquarters to Singapore in 2019.

Dyson employs 3,500 people in the UK, with offices in Wiltshire, Bristol, and London. CEO Hanno Kirner stated that the company needs to be agile and entrepreneurial.

Those at risk of redundancy will receive support during the process. The company moved its head office to Singapore to be closer to its manufacturing sites and supply chains, with more than half of its sales in Asian markets. Singapore also offers a free trade agreement with the EU.

Despite the workforce reduction, Dyson remains profitable and increased its research and development spending by 40% last year. The company insists this decision is based on a global review and not political motives.

Sir James Dyson has been vocal about the UK's high corporation tax and economic policies, which he believes hinder growth and innovation. Corporation tax in the UK increased to 25% in April 2023.

Dyson maintains that the UK will continue to be a key centre for its research and development and home to the Dyson Institute, which has 160 undergraduate engineers. However, there are concerns among employees about the future of R&D in the UK, as some claim roles are moving to South East Asia to cut costs, a claim Dyson denies.

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