Radius Systems Restructures UK Operations
Radius Systems has today made public its plans for the restructuring of its UK operations which are designed both to boost its competitiveness in the region and to release capability to support its international expansion.
Under the plans, Radius Systems is making key investments in two production units, the Hilcote plant in Derbyshire, England, and the Lurgan plant in County Armagh, Northern Ireland. At both of these sites the factories are being upgraded so that all UK activities can be moved to these two locations.
As a result of the restructuring, Radius Systems proposes to close the remaining two factories in the UK region at the end of 2011, these being the Newton Aycliffe factory in County Durham, England, and the Banbridge factory in County Down, Northern Ireland.
Consultation on the proposals has commenced with employees and their representatives. The Company is committed to providing support for all those affected through transfer opportunities to the retained factories, facilities for job search and counselling.
Radius Systems CEO Stuart Godfrey said; "The decisions were not taken lightly, and only after very careful analysis of the current and future needs of the business with the intention of ensuring that Radius Systems holds its position as one of the most competitive, and innovative, suppliers of plastic pipe systems for infrastructure markets."
Commenting further, "The proposed development of our two retained factories, coupled with enhanced investment, will enable us to service effectively the demands of the UK. The business also retains sufficient capacity, and flexibility, to continue to grow its market volume within the region".
CEO Stuart Godfrey concludes; "Whilst it is deeply regrettable that a restructuring of the business results in job losses, these changes are necessary to maintain our competitiveness, the key to ensuring we have a bright future in both the manufacturing and infrastructure sectors in the United Kingdom".
