Manila, Philippines (April 29, 2016)—MUSIC, formerly known as Music Group, a holding company encompassing Behringer, Midas, Klark Teknik and, most recently, the TC Group portfolio of pro audio brands, has announced its proposal to dismiss around 70 staff members at its manufacturing and office facility in Coatbridge, Scotland. In this event, the facility’s Tannoy loudspeaker production efforts will be transferred to MUSIC’s new manufacturing plant in Zhongshan, China; research and development as well as marketing activities will be relocated to MUSIC’s Manchester, UK offices. Approximately one year ago, Music Group acquired TC Electronic, TC-Helicon, TC Applied Technologies, Tannoy, Lab Gruppen and Lake, which comprised the TC Group. Tannoy has been based in Coatbridge for over 35 years.
The announcement was made to employees by MUSIC Senior Vice President, Lifestyle & Home, Peter Sommer. “Following an extensive evaluation of our operational and financial structure, we have taken the difficult decision to propose that the staff in our TANNOY manufacturing and office facility in Coatbridge are dismissed as redundant, which, if confirmed would see the facility closed,” stated Sommer. “Whilst this is a challenging time, I would like to thank our TANNOY employees for their immense dedication and loyalty over the years, which I feel confident, will not be diminished even as we approach the forthcoming period of collective consultation.”
Following this announcement all sales, order and delivery processes remain unaffected, confirms MUSIC.