The company's statement says it 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.
In this event, say Music Group, the Tannoy loudspeaker production would be transferred to Music Group's manufacturing plant in Zhongshan, China, with its R&D and marketing activities being relocated to the Group's Innovation centre in Manchester, UK.
The announcement was made to employees today by senior vice-president, 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."
(Lee Baldock)
