Raleigh to make job cuts and move Notts HQ
Iconic bike manufacturer Raleigh has revealed plans to restructure the business in a move which will mean some workers losing their jobs and its current Nottinghamshire headquarters being relocated.
The firm says the move “reflects a challenging market”, according to reports from ITV News.
Raleigh’s plans would see its parts and accessories business shut down and its warehousing and logistics arm contracted out.
The company’s owner has stressed that Raleigh’s HQ will still be based in Nottinghamshire.
A spokesperson for Accell 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.”
A consultation with staff has begun, says Accell, the Dutch group which was bought by private equity giant KKR for £1.3bn in 2022.
Accell also owns the Haibike, Koga, Ghost and Sparta brands.