More layoffs at HWP
More employees at the HWP Group have lost their jobs after the company announced yesterday that a downturn in sales has forced it to make cuts.The company would not confirm just how many staff were made redundant, however, a former employee told The Royal Gazette that six people were let go last Friday.The six were said to have held various positions within the company.In a written statement, Jonathan Brewin, President & CEO, HWP Group said, “We deeply regret to announce that HWP are forced to make redundancies at this time. The automotive industry has seen a downturn in sales of over 60 percent in past years due to the current economic situation. Continued right sizing of the company to meet the challenges of reduced revenues is therefore necessary.”“We have been forced to streamline the business further. This has not been an easy decision and we would like to sincerely thank all our staff for their hard work and dedication through these difficult times. We will be working with all the members of staff effected by the redundancies to help them secure new positions,” Mr Brewin said.This is the third round of layoffs for the company which cut 21 jobs after a massive fire at their St John’s Road location last year and another six earlier this year when the company sold off its cycle division to World Distributors, Ltd.