Health technology firm, Philips has said on Thursday (17) that it is scheduled to shut its only factory in the UK in 2020 with a projected loss of around 400 jobs.
The latest decision taken by the company is a part of the efforts to push manufacturing jobs out of Britain. The company is also on its move to cut down its the number of its manufacturing plants worldwide to 30 from 50.
According to the company sources, the decision taken by the Dutch health technology firm has no direct relation with Brexit and its likely adverse impact on the business operating across the UK.
The Philips plant located at Glemsford in England which manufactures babycare products to export them to other European countries. After 2020, the production activities of the British plant will move to Philips’ factory to Drachten, the Netherlands, which already has a staff strength of 2,000.
The company sources added that the company management announced the latest proposal after necessary consideration and Philips will closely work with the impacted employees on the future steps need to be adopted.
The company further noted that the UK is a major market for Philips and it will continue to invest in commercial and innovation programmes in the country.
