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Longtermrenter

Tannoy To Close - Loss Of 70 Jobs

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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.”

With complete closure, I reckon his wish will prove a pipe dream.

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Tannoy faces 70 redundancies, Coatbridge plant could close

Note previous layoffs for Midas etc. Music Group, formerly Behringer buying up everything in sight and moving production to China.

http://www.audiomediainternational.com/business/tannoy-faces-70-redundancies-coatbridge-plant-could-close/05467

Sounds bad.

Are we sure this is what they announced?

Edited by BuyToLeech

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Tannoy faces 70 redundancies, Coatbridge plant could close

Note previous layoffs for Midas etc. Music Group, formerly Behringer buying up everything in sight and moving production to China.

Sad news for fans of the historically brilliant British speaker manufacturer and those facing job losses.
Presumably Tannoy will now lose their Royal warrant?
Once mismanaged by TC Group (product line identity crisis etc), it seems inevitable that purchase by 'MUSIC' (AKA Behringer, one of the least innovative, and most ruthless cost-cutting* companies in the music equipment industry) would lead to Tannoy's manufacturing being moved to Behringer's own live-in factory-city in Zhongshan, China.
(*=yes you could argue their innovation is their cost-cutting.)
It's becoming really annoying that British companies must be sold to foreign owners, with Chinese/Indian manufacturing to become successful again - why is this?
I may be way off, but I am convinced that the best British candidates who should be running these companies natively, with the right combination of business/marketing/technology acumen, are being snapped-up by the finance (and gambling) sectors because those are the only companies who can provide the massive instant wealth boost that young people believe they require (rightly or wrongly) to live comfortably in modern Britain.
Rant over (for now).

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70..? No way.

The numbers quoted in the press are beginning to sound highly distorted...

XYY

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Sad news for fans of the historically brilliant British speaker manufacturer and those facing job losses.

Presumably Tannoy will now lose their Royal warrant?

Once mismanaged by TC Group (product line identity crisis etc), it seems inevitable that purchase by 'MUSIC' (AKA Behringer, one of the least innovative, and most ruthless cost-cutting* companies in the music equipment industry) would lead to Tannoy's manufacturing being moved to Behringer's own live-in factory-city in Zhongshan, China.

(*=yes you could argue their innovation is their cost-cutting.)

It's becoming really annoying that British companies must be sold to foreign owners, with Chinese/Indian manufacturing to become successful again - why is this?

I may be way off, but I am convinced that the best British candidates who should be running these companies natively, with the right combination of business/marketing/technology acumen, are being snapped-up by the finance (and gambling) sectors because those are the only companies who can provide the massive instant wealth boost that young people believe they require (rightly or wrongly) to live comfortably in modern Britain.

Rant over (for now).

Nothing ranty about it, your last paragraph is spot on, in my view. High housing costs are degrading the economic and social fabric of the nation. This latest development is symptomatic of that process imo.

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Also, when you sit down and crunch the numbers for manufacturing and R&D things haven't added up in any non-financed sector for a long time. Perhaps Tannoy could have flogged everything on 20 years interest free credit.

the only reason there is an auto bubble is the cheap credit, obviously Tannoy have not benefited from this.

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Also, when you sit down and crunch the numbers for manufacturing and R&D things haven't added up in any non-financed sector for a long time. Perhaps Tannoy could have flogged everything on 20 years interest free credit.

the only reason there is an auto bubble is the cheap credit, obviously Tannoy have not benefited from this.

They needed to do more than that. When you rent you want headphones not speakers.

High house prices, again.

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Sad news for fans of the historically brilliant British speaker manufacturer and those facing job losses.

Presumably Tannoy will now lose their Royal warrant?

Once mismanaged by TC Group (product line identity crisis etc), it seems inevitable that purchase by 'MUSIC' (AKA Behringer, one of the least innovative, and most ruthless cost-cutting* companies in the music equipment industry) would lead to Tannoy's manufacturing being moved to Behringer's own live-in factory-city in Zhongshan, China.

(*=yes you could argue their innovation is their cost-cutting.)

It's becoming really annoying that British companies must be sold to foreign owners, with Chinese/Indian manufacturing to become successful again - why is this?

I may be way off, but I am convinced that the best British candidates who should be running these companies natively, with the right combination of business/marketing/technology acumen, are being snapped-up by the finance (and gambling) sectors because those are the only companies who can provide the massive instant wealth boost that young people believe they require (rightly or wrongly) to live comfortably in modern Britain.

Rant over (for now).

The UK has been a world leader in pro audio, Sound craft, Digico, Midas, Turbosound, Cadac etc, some of these still have a manufacturing base. But at the same time many jobs are going and I think the housing cost crisis is a big problem for manufacturers. I have a mate who works for one of the above companies overseeing production and he is on about 20k. Luckily his wife earns double that as they have a massive mortgage for their three bed semi in one of the home counties. He doesn't think he can sustain working there on that salary however. Edited by Longtermrenter

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