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Latest News

Restructuring at IMI to cost 1,200 jobs

by Personnel Today 12 Mar 2001
by Personnel Today 12 Mar 2001

The
Birmingham-based engineering group IMI has announced it is to lose 1,200 jobs
worldwide as a result of a restructuring of the company.

An
estimated 200 jobs will be lost in the UK but the bulk of the job cuts will be
in the firm’s core markets in the US and Germany.

Martin
Lamb, IMI’s chief executive, said he aimed to develop the business areas that
offered the best prospects for growth.

The
restructuring is expected to cost about £40 million over the next year but a
schedule for the job losses has not been announced.

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www.imi.plc.uk

By
Ben Willmott

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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