Music Group is to close its manufacturing and office facility in Coatbridge, Scotland, with the loss of around 70 jobs.
The company is about to enter into a process of collective consultation with all affected employees, but in the
event that the redundancies are confirmed following consultation, the Coatbridge facility would cease operations completely.
When this happens Tannoy loudspeaker
production will be transferred to Music’s new three million square-foot manufacturing plant in Zhongshan, China, with its research & development
and marketing activities being relocated to Music’s Innovation center in Manchester, UK.
The announcement was made to employees on Friday
by SVP, Lifestyle & Home, Peter Sommer: "Following an extensive evaluation of our operational and financial structure, we have taken
the difficult decision to propose that the staff in our Tannoy manufacturing and office facility in Coatbridge are dismissed as
redundant, which, if confirmed would see the facility closed. Whilst this is a challenging time, I would like to thank
our Tannoy employees for their immense dedication and loyalty over the years, which I feel confident, will not be diminished
even as we approach the forthcoming period of collective consultation."
Following this announcement all sales, order and delivery processes remain unaffected.