Swansea Electric Appliances, Dyson and Philips among the brands to lose jobs

Swanssea Electric appliances maker Dyson is among the major appliance companies losing jobs as a result of a slowdown in demand for consumer electronics and consumer electronics equipment.

Dyson’s chief executive, Andrew Withers, said the firm expects to post a loss of up to £500 million in the third quarter.

Drones and other devices are also struggling.

The latest data from the UK’s Office for National Statistics shows that the number of people employed in the sector, which includes consumer electronics, furniture, home appliances, and telecommunications equipment, fell by 8,500 to 9,851, a fall of 7,600 in just a year.

The IT industry in the UK is estimated to have shed 2.9 million jobs in the past 12 months, with nearly 3.5 million people in the workforce.

The UK’s IT sector is forecast to create 1.7 million jobs by 2020, and the UK has seen a surge in the number and type of IT jobs in recent years.

In its quarterly earnings report on Tuesday, the company announced it was closing a manufacturing plant in South Wales.

The move will see the closure of an equipment manufacturing plant and reduce the number or type of jobs in those areas, it said.

The company said it would be “disappointed” if the job losses were not offset by “a positive impact on its investment plans”.

The company has been facing increasing scrutiny for its high costs, and it has been in the news recently after a report said the company’s CEO was under pressure to cut costs and reduce work. 

Dyson was the subject of a damning report from the International Labour Organisation earlier this year, which found the company was not following rules for labour relations.