TURRIFF-based ACE Winches has announced plans to make more than a dozen redundancies as part of a business restructure, citing a need for the business to transition to new markets and new geographies within the changing energy sector.
In a statement released on Tuesday, a company spokesperson said: “This restructure will provide a strong platform for the future of ACE Winches. However, as part of this process, we must regrettably consider potential redundancies. This decision has not been taken lightly.”
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“We are proposing to make approximately 16 positions redundant across several departments at our global headquarters in Turriff, Aberdeenshire. We currently employ 155 people at this location.”
“At the moment, our proposals are only at a formative stage, and we will now begin a process of consultation. The process will be fair and transparent and will of course comply fully with company policy and UK Employment Law.”
In November, Balmoral Group sold its shareholding in ACE Winches to a company led by ACE’s founder and former chief executive Alfie Cheyne. The company was originally launched by Mr Cheyne in 1992 as Alfred Cheyne Engineering, rebranding as ACE Winches 14 years later.
