Following the announcement earlier this year of a consultation process to address cost-cutting measures imposed by creditors in South Korea, Daewoo Worthing Technical Centre’s staff will today be briefed on restructuring plans.
Staff, unions and management at the company’s Sussex-based research and development facility have undergone an exhaustive review of the centre’s operations in an effort to minimise the impact of the company’s global R&D restructure.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Original estimates of the extent of job losses have been drastically undercut, and redundancies will affect 113 personnel across a variety of functions, out of a total workforce of 750.
“We are very sad that it is necessary for us to take these measures at all. These are staff who have been tremendously loyal and hard-working.
“This is not simply a percentage reduction across the workforce. We’ve had to make difficult decisions in terms of our structure in order to preserve key skills that will enable current and future projects to continue,” said Jim Mason, Managing Director at DWTC.
All employees affected will be offered career and personal counselling. They will discuss the details of their package over the next week.
