HML to make 113 redundancies
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HML is to close its Padiham office and make 113 staff redundant.
HML says it is transferring the majority of roles to Skipton to utilise spare capacity at its other UK sites and reduce fixed costs.
Neil Warman, chief commercial and finance officer at HML, says: “Today’s announcement is part of our strategy to realise planned cost savings from our multi-million pound investment in IT over the last three years, and ensure the business is the right shape and size to take advantage of new market opportunities.
“The Padiham site is operating under capacity and we have spare capacity in our Skipton office. It makes sense for us to significantly reduce our fixed costs and get the best value out of our remaining sites.
“The majority of roles will transfer to Skipton but there will also, regrettably, be a number of redundancies. We understand the personal impact on employees, however, we must make tough decisions that are in the long-term best interest of the majority of our employees.”
Of the 271 roles in Padiham 158 will transfer to Skipton and 113 roles will be made redundant.
The planned migration of client work from Padiham to HML’s other sites will be phased between June and September when the site will fully close.
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