Vacuum cleaner maker Dyson to cut 1,000 jobs in the UK

A selection of vacuum cleaners are seen in reception at the Dyson Group campus in Malmesbury, United Kingdom, on Wednesday, September 26, 2018.

Bloomberg | Bloomberg | Getty Images

Vacuum cleaner maker Dyson is to cut around 1,000 jobs in the UK, where it currently employs 3,500 people.

The company, known for its innovative hair dryers, air conditioners and more, said the review of its operations came as it faced “increasingly fierce and competitive global markets.”

“We have grown rapidly and, like all companies, we review our global structures from time to time to ensure we are prepared for the future. As a result, we are proposing changes to our organization, which may result in layoffs,” Dyson CEO Hanno Kirner said in a statement emailed to CNBC.

“Dyson operates in increasingly fierce and competitive global markets, where the pace of innovation and change is only accelerating. We know we must always be entrepreneurial and agile – principles that are not new to Dyson.”

The company said people whose jobs are at stake would be supported through the process. It is unclear whether global jobs are affected at this stage.

The UK is expected to remain a major research and development hub for Dyson, which has an Institute of Engineering and Technology in Malmesbury, England.

The company's review began before the UK general election was called in May by former Prime Minister Rishi Sunak. The opposition Labour Party won a landslide victory in the vote, defeating the incumbent Conservatives after 14 years.

James Dyson, the engineering firm's founder and chief engineer, has been an outspoken critic of Sunak, criticising his promises to make Britain a “science superpower” in a letter to The Times of London.

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