The pandemic has clearly weakened the global economy. Different sectors of activity are affected, motorcycles are not spared by Covid-19 with sales in free fall. Triumph announces a social plan… and layoffs of around 20% of its employees.
Complicated times, an economy weakened by the coronavirus, a future which will involve job cuts... Nick Bloor at the head of Triumph Motorcycles announces a restructuring of the English company which should involve the layoff of 400 people around the world , including 240 positions at headquarters alone... or nearly 20% of the company's staff. The idea is to find a solution that ultimately protects the company for a consolidated future.
Bad news for this historic brand which has been offering attractive motorcycles in many segments for several years. For the record, we estimate a loss of 40 to 65% of sales of large displacement vehicles during the last three months, a segment where Triumph is present…
