Burnley-based technology distributor Exertis has reportedly informed staff of significant job cuts, potentially impacting 90 per cent of its UK workforce. The company, which recently underwent a sale, is planning to reduce its headcount from approximately 1,300 employees to just 130.
Key Takeaways
- Exertis plans to cut around 90% of its 1,300-strong UK workforce.
- The proposed redundancies affect operations in Burnley, Harlow, Elland, and Basingstoke.
- A 45-day consultation period is currently underway.
- The company was recently acquired by private equity firm Aurelis for approximately £100 million.
Major Redundancies Planned
Reports indicate that Exertis, a technology distribution and specialist service provider headquartered in Burnley, has communicated plans to drastically reduce its staff numbers. The proposed cuts would see the workforce shrink from around 1,200 employees down to just 130. These significant redundancies are understood to be targeted at the company’s UK Business and Consumer and Supplies operations.
Affected Locations and Consultation
The planned job losses are set to impact multiple Exertis sites across the UK, including its operations in Burnley, Harlow, Elland, and Basingstoke. A formal 45-day consultation period is reportedly in progress, allowing for discussions regarding the proposed structural changes and their impact on employees. Customers have reportedly been notified of these proposed changes, which place staff at risk of redundancy.
Recent Acquisition and Leadership Comments
These developments follow Exertis’s recent sale to international private equity firm Aurelis in a deal valued at around £100 million. In July, Tim Griffin, chief executive at Exertis, expressed optimism about the acquisition, stating, "We are delighted to have found new owners who are committed to accelerating our growth, and that of our partners through dedicated focus and investment." He added that the sale was expected to "position Exertis IT for long-term success and provides greater opportunities for our vendors, customers and our people."
Employee Reactions
Employees have taken to social media platforms like LinkedIn to share their experiences and offer support to colleagues. One post highlighted the "talent, heart, and resilience" of those affected, emphasizing solidarity and the belief that "amazing opportunities lie ahead for all of you."
Sources
- Major job cuts reported at Burnley tech business, Lancashire Business View.
