Kenwood takes the China option

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The Independent Online
KENWOOD APPLIANCES, the eponymous maker of food blenders, yesterday said it would cut 260 jobs and move production, apart from its Kenwood Chef food mixer and water-filter businesses, from the UK to China.

In the final phase of its three-year cost-cutting drive, Kenwood is closing and selling a 12-acre plant in Havant in southern England. "UK manufacturing is no longer a competitive option for us on most of our product lines," said Colin Gordon, Kenwood chief executive. "I deeply regret the loss of jobs, but in order to safeguard the long-term competitiveness and success of Kenwood, there is no alternative," he said.

The shares ended up 2.5p at 65p. Kenwood also said it was selling a specialist engineering business based on the Isle of White to management for pounds 1.1m.