Dyson has revealed plans for 1,000 job losses in the UK.
The manufacturer of innovative vacuum cleaners and other products said the cuts, which amount to more than a quarter of its UK workforce of 3,500, followed a review of its global needs.
It is understood that the decision is not linked to the UK general election, as the process had begun beforehand.
The company’s founder Sir James Dyson had previously been critical of the Conservative government’s approach to economic growth and science.
…
The billionaire entrepreneur, who spoke out in favour of Brexit, denied the move was a reaction to the UK’s departure from the European Union.
Asia has long been Dyson’s manufacturing base due to lower costs and its core growth market for sales.
By moving to Singapore, Dyson also took advantage of the EU’s free trade agreement with the city state, averting Brexit trade rules.
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Nothing to do with brexit
Move to singapore to take advantage of EU free trade agreements [which the UK left with Brexit]
Anyone who believes this idiot … well, probably voted for brexit.
How stupid do you have to be
Another Brexit bonus.
Bollocks to Dyson, get a Henry.
Or Shark.
Like Apple, Dyson is just good at marketing. The products themselves are fine but nothing special.
Apple hardware is actually fairly decent though, this is like Harley Davidson where the name means more than the physical thing it’s branded onto.
Louis Rossman might disagree
Their vacuums suck
Maybe those silly headphones aren’t selling that well after all!
It won’t make any difference to the personal fortunes of the owner or his heir-apparent. This is just standard business for big companies reacting to market forces.
This is the best summary I could come up with:
The manufacturer of innovative vacuum cleaners and other products said the cuts, which amount to more than a quarter of its UK workforce of 3,500, followed a review of its global needs.
The company’s founder Sir James Dyson had previously been critical of the Conservative government’s approach to economic growth and science.
"Dyson operates in increasingly fierce and competitive global markets, in which the pace of innovation and change is only accelerating.
Read more from Sky News:Crisis-hit Thames Water reveals when it may run out of cashCard spending falls for ‘first time in three years’
The billionaire entrepreneur, who readily spoke out in favour of Brexit, denied the move was a reaction to the UK’s departure from the European Union.
Asia has long been Dyson’s manufacturing base due to lower costs and its core growth market for sales.
The original article contains 361 words, the summary contains 138 words. Saved 62%. I’m a bot and I’m open source!
