The recent news circulating about job losses at Planet X, where we are led to believe around 19 people will be made redundant, are only the latest in a long list of changes made throughout 2016 to make rapid overhead savings, Cycling Industry News understands.
Early in the year a Management Consultant Trevor Parker, a Director of NorthcoManagment, was brought in. One of Parker’s specialisms is “Emergency Interim Management – From difficult trading situations… we stabilise situations.”
One of the first changes in 2016 was Planet X severing its link with a small American-based outlet selling the product.
Operations in the UK were also consolidated into three premises as the firm vacated one of the two office/warehouses they occupied on the Rotherham-Sheffield border.
Parker and Planet X boss Dave Loughran then led a whole series of successive job cuts throughout the summer although actual sales were understood to be at a record high.
Personnel understood to have been made redundant over the summer include Head of IT, Head of Customer Services, Head of Warehouse Operations, a Digital Marketing Manager and a Content Writer.
Planet X also pulled out (at the last moment) of showcasing its Holdsworth brand at Eroica Britannia in June to keep a lid on spending.
In the latest round of cuts, which started the current rumours, around 19 new casualties are believed to include a Retail Manager, a Senior Buyer and further job losses within Customer Services.
Most controversially perhaps, it is understood that the entire warehouse pick/pack team will cease to be Planet X employees as staffing at the warehouse building is outsourced to an employment agency.
Planet X’s Barnsley store, which had a staff of four, is also believed to have been closed down leaving them with a retail unit and a large warehouse in Rotherham.