EMCC European Monitoring Centre on Change

Halfords

Company/Organisation:
Halfords

Geographic Location

Country: United Kingdom

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.64 - Retail sale of sporting equipment in specialised stores
Number Employed: 10000
Group: Halfords Group

Employment Effects

Announcement Date: 16-03-2020
Planned Job Reductions min: 226
Planned Job Reductions max: 226
Type of Restructuring: Internal restructuring
Employment Effect Start: 16-03-2020
Direct Dismissals: 226

Additional Information

Halfords, the UK-based retailer of motoring, cycling and leisure products has announced that it will close all its 22 Cycle Republic shops, which specialise in selling bicycles, and a ‘performance centre’ located in Evesham by the end of 2020. The restructuring puts 226 jobs at risk of redundancy – the consultation process with employees and their representatives has already started.

A statement issued by the company says that the restructuring aims to make the business more profitable.

The first Cycle Republic store was opened in London in 2014 and its flagship store was opened by Olympic cyclist Victoria Pendleton. Cycle Republic supported large-scale cycling events around the UK.

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