The North East operation of kitchens retailer Magnet has remained unscathed in a group-wide shake up which has closed its Dewsbury and Grays factory locations.
In a restructuring of its UK business, Magnet operator Nobia said it needed to address underperformance in its 'Projects' business, which includes the sale of kitchens to public and private sector organisations. In total 92 people have been made redundant in the move.
It is part of a plan announced earlier this year by Sweden-based Nobia which aims to improve operating profit by £23.8m (SEK 300m) within 18 months. Changes to its UK business were said to be an important part of the programme, which includes a withdrawal from parts of the UK project sales division which have made insufficient profit, closure of the two manufacturing sites and discretionary spending reductions.
