Essential reading for retailers and suppliers in the home improvement market

60 face axe at Spear & Jackson

Published: 23 May 2008
Production of tools moves overseas
60 face axe at Spear & Jackson
Spear & Jackson plans to cut 60 jobs from its 140-strong workforce at the Atlas site in Sheffield partly because of increased material costs.

Employees have been informed of the plan and are in consultation over the potential loss of their jobs; they are being given the opportunity to put forward any suggestions that may change the proposal.

Neill Tools - Spear & Jackson's parent company - wants to shift production of wood saws, builders' tools and hand tools overseas while maintaining the manufacture of premium tools in Yorkshire.

Neill managing director Lee Wells cited rising costs for the decision and said the company had experienced significant increases over the last 18 months.

The company has conducted a review of its production strategy this month, which led to the conclusion that streamlining the workforce would provide it with the opportunity to adapt to global markets and increased costs.

"The company could not continue to absorb these increases and with the current global economic uncertainty, increasingly competitive market and improved quality standards from overseas competitors," Lee Wells told local paper the Sheffield Telegraph.

"We have found it difficult to pass the full impact of these increases on to our customers."


(Your email address will not be published)
3 + 6 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories