NEUTRIK CONFIRMS 112 PEOPLE SET TO LOSE THEIR JOBS JUST WEEKS BEFORE CHRISTMAS

Neutrik-logo-vectorNeutrik has confirmed that it intends to make 112 people redundant later this year.

The company says the proposed redundancies have been brought about due to recruitment issues, the complexity of the supply chain and increasing costs of operation.

As previously reported by Island Echo, the Ryde-based manufacturer told staff back in April that it was consulting on the future of the Cothey Way factory.

Article continues below this advertisement

In a letter to staff dated 20th May, but only handed to them today, Neutrik says they have been unable to recruit the necessary staff needed for the global production requirement despite a costly campaign since February 2021. At the same time, goods now take longer and cost more to import/export to central Europe. Furthermore, the costs of manufacturing continue to rise and it is impacting on the ability to be competitive.

Unless ‘alternative solutions’ can be found, the entire production team – 109 people – will lose their jobs by the end of the year, with a further 3 jobs lost in the logistics team. However, 6 logistics staff will be retained. A further 18 temporary workers will also be affected.

It is proposed the first terminations will take place on 12th December 2022 and will be complete by New Year’s Eve. Individual consultations will now take place with staff.

Neutrik has been operating in Ryde for around 40 years and was previously based behind Mayfield Middle School in Binstead. It now trades at Cothey Way near Tesco.

It was in September 2020 that Island Echo reported 66 jobs were at risk, which came just 14 months after 18 staff were told they faced losing their jobs.

Article continues below this advertisement

What are my rights?

If you are made redundant you are normally entitled to statutory redundancy pay if you’re an employee and you’ve been working for your current employer for 2 years or more. Your redundancy pay will be:

  • half a week’s pay for each full year you were under 22
  • 1 week’s pay for each full year you were 22 or older, but under 41
  • 1-and-a-half week’s pay for each full year you were 41 or older

Your weekly pay is the average you earned per week over the 12 weeks before the day you got your redundancy notice.

If you were made redundant on or after 6th April 2022, your weekly pay is capped at £571 and the maximum statutory redundancy pay you can get is £17,130. Length of service is capped at 20 years.

You must be given a notice period before your employment ends. The statutory redundancy notice periods are:

Article continues below this advertisement
  • at least 1 week’s notice if employed between 1 month and 2 years
  • 1 week’s notice for each year if employed between 2 and 12 years
  • 12 weeks’ notice if employed for 12 years or more

Don’t miss another story! Get the Island’s latest news delivered straight to your inbox. Sign up to our daily newsletter here.

The views/opinions expressed in these comments are solely those of the author and do not represent those of Island Echo. House rules on commenting must be followed at all times.
8 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Cal Orific
Cal Orific
1 month ago

Taking back control one job at a time.

Nicky
Nicky
1 month ago

Although we are still in the consultation period ( lip service ) we all knew this was coming. Every Idea the employee’s have had has been shut down with impunity.

orac
orac
1 month ago

“unable to recruit the necessary staff needed “….. “At the same time, goods now take longer and cost more to import/export to central Europe”

Ahh,.. the gift that keeps on giving

Wight Knight
Wight Knight
1 month ago

“. . . the entire production team – 109 people” will lose their jobs, but six ‘logistics staff’ will remain.
Why on earth would a company with NO production need ANY logistics staff? Smoke and mirrors at play here I think!

Carole
Carole
Reply to  Wight Knight
1 month ago

I would think logistics would be need to help clear the site

Kevin McNulty
Kevin McNulty
1 month ago

Brexit really is the gift that keeps giving. You can’t put up barriers to your nearest export markets without shooting yourself in the foot. Brexit was a fantasy that we are paying dearly for – and it will get worse – a lot worse

Cheffytwat
Cheffytwat
1 month ago

Can’t the staff move to another country and keep their jobs??

John Smith
John Smith
1 month ago

Unfortunately there is a lot of people out there who do not want to work. We have a benefits system where you don’t have to work. I’ve been involved with recruitment for the last 10 years and its been the most difficult process. People apply, then don’t respond, people get invited for interviews and don’t turn up, people get offered jobs and dont respond.

 

Join our daily newsletter

News, Traffic & Travel Tweets