Triumph announces job cuts
Triumph Motorcycles has announced plans to cut 400 jobs out of its 2,500-strong global workforce due to the COVID-19 pandemic.
Blaming the widespread and severe economic upheaval caused by the coronavirus, the world-famous British marque said 240 of those redundancies would be in its UK operation at Hinckley in Leicestershire.
The news comes amid tough conditions worldwide for the motorcycle industry, with sales and registrations sharply down. As the BMF has previously reported, bike sales in the UK were down 83.5% year-on-year last month and industry observers have predicted major falls in sales for this year as a whole.
Commenting, Triumph Chief Executive Nick Bloor said: "These are not easy decisions to make, especially when individuals’ livelihoods are affected; however regrettably the scale of impact of COVID-19 necessitates us to restructure now in order to protect the long-term health and success of the Triumph brand and business."
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