The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
East Midlands; Leicestershire; Rutland and Northamptonshire
Location of affected unit(s)
Hinckley
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.91 - Manufacture of motorcycles
240 jobs Number of planned job losses
Announcement Date
1 June 2020
Employment effect (start)
Foreseen end date
Description
Triumph Motorcycles, the largest British motorcycle manufacturer, has announced that it is cutting 240 jobs in the UK as part of its global restructure.
The company’s chief executive officer said that the restructure was prompted by the negative impact of the COVID-19 pandemic on sales, adding that the job cuts were necessary to protect the business in the long term.
To manage the internal restructuring process, the company has started redundancy consultations with the affected staff.
Triumph Motorcycles was founded in 1902. It currently employs 2,500 people globally and operates in North America, Europe, Japan, Brazil, India, Thailand and China.
Eurofound (2020), Triumph Motorcycles, Internal restructuring in United Kingdom, factsheet number 101242, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101242.
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