Major job cuts reported at Burnley tech business

Burnley headquartered technology distribution and specialist service provider Exertis has told staff of plans to cut up to 90 per cent of its 1,300-strong workforce.

Staff have been informed that the company aims to reduce its headcount, which could see it fall from 1,200 to just 130.

The cuts are planned for its UK Business and Consumer and Supplies operations in Burnley, Harlow, Elland and Basingstoke. A 45-day consultation period is now underway.

The company has recently completed its sale to international private equity firm Aurelius in a deal valued at around £100m. It is making no comment on the situation at the moment.

Commenting on the announcement of the sale in July, Tim Griffin, chief executive at Exertis, said: “We are delighted to have found new owners who are committed to accelerating our growth, and that of our partners through dedicated focus and investment.

“I firmly believe this sale positions Exertis IT for long-term success and provides greater opportunities for our vendors, customers and our people. It’s business as usual for us providing an exceptional portfolio and industry-leading operations.” 

Sources within the business have said that structural changes are needed to secure its future, which would have been unsure if the sale had not taken place.

Workers at Exertis have taken to LinkedIn to comment on the situation. One posted: “The past weeks at Exertis have been tough. What stands out most is the talent, heart, and resilience of my colleagues. You are not alone; we still have each other.

“Your skills and positivity will open new doors, and I have no doubt amazing opportunities lie ahead for all of you.”