EMCC European Monitoring Centre on Change

Alba

Company/Organisation:
Alba

Geographic Location

Country: United Kingdom
Location of affected unit(s): Oldham; Newcastle; Cortonwood; Rugby; Elstree; Barking; Portsmouth

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 500

Employment Effects

Announcement Date: 20-06-2006
Planned Job Reductions min: 80
Planned Job Reductions max: 80
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2006

Additional Information

Alba, the consumer electrical business whose brands include Bush and Grundig televisions and employ 500 in the UK, is cutting 80 jobs in the UK this year. The news came as the company reported a slump in full-year profits from £21.6m to £2.4m. Chief executive Daniel Harris admitted the company had been too slow to adapt to the switch from analogue to digital electronic products. 'Consumer electronics is now very much a digital business,' he said, 'and we have to change the way we operate with suppliers and the whole product life cycle.'