Xaar

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
160 jobs
Number of planned job losses
Job loss
Announcement Date
2 October 2014
Employment effect (start)
Foreseen end date

Description

Cambridgeshire based manufacturer Xaar has announced that it is to reduce its workforce by up to 160.  The company manufactures digital inkjet printheads; one of their main applications is in the ceramics industry. The announced job losses comes after a fall in demand for its products, particularly in China, and follows profit warnings issued earlier in 2014.

The company has a UK workforce of 800, 700 of whom are based in the factory in Huntingdon. 120 jobs are expected to be lost from the Huntingdon site. The timeframe for the job losses is not yet known.

Sources

  • 2 October 2014: The Guardian

Citation

Eurofound (2014), Xaar, Internal restructuring in United Kingdom, factsheet number 77713, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77713.