Dyson to axe 1,000 UK jobs

(Sharecast News) - Vacuum cleaners and household electrics maker Dyson said it was cutting 1,000 jobs in the UK.

Chief executive Hanno Kirner said the company was responding to global markets and ensuring its future. Dyson has 3,500 UK employees with offices based in Wiltshire, Bristol and London.

"We have grown quickly and, like all companies, we review our global structures from time to time to ensure we are prepared for the future," he said.

"As such, we are proposing changes to our organisation, which may result in redundancies."

Reporting by Frank Prenesti for Sharecast.com