Glen Dimplex Cuts Jobs Amid Profit Decline | Dublin News

Glen Electric’s workforce has shrunk by nearly 19% as part of a major consolidation push, with most cuts hitting production, sales, and distribution — while admin roles saw a slight uptick. The company, led by late founder Martin Naughton, is battling a tough market, especially in the UK, where two years of contraction have hit hard. Revenues fell 6% to £243.6 million, triggering an operating loss of £2.75 million — a stark reversal from last year’s £5.77 million profit. Non-trading expenses ballooned to £13.7 million, pushing the final loss to £8.23 million after tax, down from a £22.19 million profit. To turn things around, Glen Dimplex is accelerating efficiency measures: streamlining manufacturing, cutting staff at underperforming sites, and redirecting investments toward higher-growth, higher-margin areas — all aimed at rebuilding profitability in the years ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c4f61d42336fcb6f