Exel Composites plans to downsize its operations in the United Kingdom
EXEL COMPOSITES PLC INSIDE INFORMATION 4 JANUARY 2023 at 20:00 EETExel Composites has initiated employee consultations to evaluate downsizing of its operations in Runcorn in the United Kingdom. The consultations concern 48 employees. Currently Exel Composites’ European operations include several small production sites. To improve Group’s efficiency and profitability downsizing of the operations is proposed. The downsizing review will follow UK legislation and any resulting changes will be completed to ensure minimal impact on customers. The potential downsizing