Triumph Motorcycles

Type
Internal restructuring
Country
United Kingdom
Region
East Midlands (England); Leicestershire, Rutland and Northamptonshire; Leicestershire CC and Rutland
Location of affected unit(s)
Hinckley
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.9 - Manufacture of transport equipment n.e.c.
30.9 - Manufacture of transport equipment n.e.c.
240 jobs
Number of planned job losses
Job loss
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.

Sources

Citation

Eurofound (2020), Triumph Motorcycles, Internal restructuring in United Kingdom, factsheet number 101242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101242.