Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Sunseeker insists it ‘deeply values’ workforce despite temporary layoffs

by
December 30, 2024
in Top News
0
Sunseeker insists it ‘deeply values’ workforce despite temporary layoffs
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Luxury yacht manufacturer Sunseeker has sought to reassure employees that it “deeply values” their contributions, after the firm announced a series of temporary layoffs affecting production staff in early 2025.

The move, prompted by what Sunseeker describes as “cash-flow challenges” linked to supply chain disruption, has drawn criticism from Unite the Union and local MP Neil Duncan-Jordan, who labelled the timing “outrageous”. However, Sunseeker says it aims to “minimise” the impact on affected employees, pledging a review of the layoffs on 2 January.

In a statement, the Dorset-based company, which employs about 2,000 staff, said: “Due to restrictions in its supply chain which have heightened during December, Sunseeker has had to make the decision to implement temporary layoffs for a limited number of employees within production operations. This decision is focused on ensuring the long-term viability of operations and does not reflect on employee performance or contributions.”

Unite the Union described the move as “Scrooge-like” and “abhorrent”. Sunseeker, however, says affected employees will receive statutory payment or the option to use their paid holiday entitlement. It also confirmed that staff continuity of service will be preserved, alongside other non-monetary benefits.

Sunseeker changed ownership earlier this year when it was acquired by Orienta Capital Partners and Lionheart Capital for an undisclosed amount. Despite the temporary measure, the company insists it remains committed to supporting its workforce and will keep the situation under review.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
High street job losses climb to 170,000 amid rising tax burdens

High street job losses climb to 170,000 amid rising tax burdens

Recommended

DFA told to scrap Guo passport

DFA told to scrap Guo passport

August 20, 2024
DoubleDragon Q2 profit up 15% on higher hotel revenue

DoubleDragon Q2 profit up 15% on higher hotel revenue

August 15, 2024
Shares inch up on rate cut hopes, bargain hunting

Shares inch up on rate cut hopes, bargain hunting

December 26, 2024
Jerusalem defends his WBC minimumweight title against Castillo

Jerusalem defends his WBC minimumweight title against Castillo

September 19, 2024
The Benefits of Using a Business Travel Booking Platform

The Benefits of Using a Business Travel Booking Platform

December 24, 2024
Luxury Home & Glass Solutions Helps Choose the Right Patio Doors for Your Home

Luxury Home & Glass Solutions Helps Choose the Right Patio Doors for Your Home

October 31, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved