"Painful"

Dyson plans to cut up to 1000 jobs in its home country

The British household appliance manufacturer Dyson is planning to cut jobs in its home country. According to the British news agency PA, up to 1,000 jobs are to be cut. This corresponds to more than a quarter of the jobs previously located there.

"We have grown rapidly and, like all companies, we review our global structures from time to time to ensure we are prepared for the future," said CEO Hanno Kirner. "We are proposing changes to our organization that may lead to redundancies."

"Particularly painful"
The company has around 14,000 employees worldwide, with around 3,500 employees in the UK, according to the BBC. Dyson is operating in increasingly competitive global markets, Kirner said. Decisions that affect close and talented colleagues are always particularly painful.

The technology company was founded by entrepreneur James Dyson, who, according to the "Sunday Times", is one of the wealthiest people in the UK and had campaigned for Brexit. The company relocated its headquarters to Singapore a few years ago. At the time, there were also plans to develop its own electric car. However, the project was scrapped.