Triumph To Cut 400 Jobs Amid
Covid-19 Pandemic
T
riumph is set to cut up to 400
jobs from its international
roster over growing financial
concerns relating to the Covid-19
pandemic.
The British firm is expected
to cut 240 jobs in mainland UK,
marking a significant reduction in
personnel from a company that
has 2500 employees worldwide.
"These are not only chal-
lenging times for everyone as
individuals, but also for the
company," Triumph Motorcycles
Chief Executive Nick Bloor said
in a statement. "No business
could have anticipated the scale
of the coronavirus crisis and its
economic consequences."
At a time of year that is normal-
ly its peak selling season, sales
of 500cc and up motorcycles
have declined between 40 and
65 percent in key markets like
France, Italy, Germany, USA and
the UK.
"The pandemic has caused
significant damage to the global
motorcycle market, and, sadly,
we have to respond and react
accordingly as both a responsible
employer and as a business that
invests for the future," Bloor said.
"These are not easy decisions
to make, especially when indi-
viduals' livelihoods are affected;
however regrettably, the scale of
impact of Covid-19 necessitates
us to restructure now in order to
protect the long-term health and
success of the Triumph brand
and business." CN
Times are tough at
Triumph at the moment.
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