Sunday, July 21, 2024

Jobs at risk as Nottinghamshire bike manufacturer reveals restructuring plan

Jobs are at risk at bike manufacturer Raleigh, following the company’s announcement of a restructuring plan.

The plan will see some staff made redundant and the firm’s Nottinghamshire headquarters relocated.

The decision comes due to a challenging market, according to ITV reports, which reveal the proposals would see Raleigh’s parts and accessories business shut and its warehousing and logistics department contracted out.

Accell, which acquired Raleigh in 2012 for £62m, says the Raleigh HQ will still remain in Nottinghamshire.

A consultation is underway.

An Accell spokesperson told ITV News Central: “To ensure Accell UK remains competitive in what is a challenging market, we have recently concluded a detailed review of the business, aimed at helping to position Accell for sustainable growth in the UK and internationally.

“Following the outcome of this review, we have developed a proposal to better integrate Accell UK into the wider Accell Group business so it can benefit from existing resources, functions and expertise, while retaining the Accell UK HQ in the Nottingham area.

“This will better position our operations for sustainable growth. Formal consultations on the proposal will begin immediately and we welcome input from all parties involved as we work closely with them during this process.

“We remain committed to supporting our staff should this proposal be adopted and keeping them informed throughout the consultation process, as well as maintaining our service to our bike shop partners and customers.”

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