08.04.14
According to an ITV report, British company Smith & Nephew plc is moving 140 jobs from its Advanced Wound Management business operation located in Hull, the United Kingdom, to China. One of the town’s biggest employers, the company is transferring some of its production operations to the East Asian nation. The move will take place over the next two years.
Noel Waters, senior vice-president of Global Operations at Smith & Nephew, said the main reason for the move was economic and a need to secure the long-term sustainability of its plants in the United Kingdom and China. Despite the jobs move, the company will be investing $16 million in the Hull site and is working on new plans focused on the development and launch of new products. Both voluntary and compulsory redundancies are expected.
"We are very proud of our heritage in Hull and the site remains a major cornerstone of Smith & Nephew," said Waters. "We are delivering new programs and actively working on bringing new processes to Hull in order to maximize the benefits from our highly skilled workforce and to continue to create a sustainable future for the site."
Noel Waters, senior vice-president of Global Operations at Smith & Nephew, said the main reason for the move was economic and a need to secure the long-term sustainability of its plants in the United Kingdom and China. Despite the jobs move, the company will be investing $16 million in the Hull site and is working on new plans focused on the development and launch of new products. Both voluntary and compulsory redundancies are expected.
"We are very proud of our heritage in Hull and the site remains a major cornerstone of Smith & Nephew," said Waters. "We are delivering new programs and actively working on bringing new processes to Hull in order to maximize the benefits from our highly skilled workforce and to continue to create a sustainable future for the site."