Thursday, April 25, 2024
HomeNEWSTRIUMPH SLASHES UK WORKFORCE

TRIUMPH SLASHES UK WORKFORCE

Triumph Motorcycles is to cut 240 jobs from its Hinckley workforce, in response to the coronavirus-related economic downturn. Globally, head count will be reduced by 400.

In a statement, the company said: “Sales in the larger 500cc-plus motorcycle segment, in key markets such as France, Italy, Germany, the USA and the UK, have fallen by between 40-65% the past three months during what would normally be the peak season for sales. Although Triumph sales have outperformed this significant decline to some degree, the market is forecast to remain considerably down on pre-Covid 19 levels as a direct result of the economic conditions created by it.”

Triumph had already announced some staff redundancies at Hinckley earlier this year, as part of plans to relocate all mass production to Thailand and India, leaving only limited-edition premium models built in the UK.

RELATED ARTICLES

Product News

New Kawasaki capacity

Kawasaki has introduced a new capacity option for younger riders this season, the KX112 – a classic two-stroke, water-cooled, single-cylinder bike with a 19in...