Brio makes cuts, but UK unaffected

Brio has said it expects to lose about 30 staff as part of a restructuring of the firm.
Publish date:
Social count:

The firm said it will streamline its design, product development and marketing operations.

However, the UK operation will not be affected by the reorganisation plans.

"It does not affect Brio UK at all," said UK MD Paul Sirett (pictured). "The UK operation has actually achieved significant cost savings already over the last couple of years, streamlined our team here, moved offices and importantly grown sales through range extensions into prechool toys and Nursery - so we are a little 'ahead of the game', if you like.

"We are, however, always restless for new ways to market so hope to continually adapt our UK operation to maximise the Brio brand in UK.

"This is principally about maximising efficiency in some Brio central functions and taking the strengths and knowledge in product development and supply that we have across the wider toy industry in our Scanditoy (Nordic) toy distribution business and applying them to our Brio Toy business.

"In summary, it is simply continued good housekeeping for continuous improvement."

Hakan Johansson, acting CEO of Brio, added: "Brio's in-house developed toys, prams and child safety seats for cars have shown good growth, which is positive for our margins. Unfortunately our total sales have been weaker than expected and we calculate that the downturn in the global economy will mean further challenges. Therefore we must reduce costs in our efforts to achieve profitability."

The reorganisation will cost some SEK41m (£3.3m), but is expected to result in annual savings of SEK40m (£3.2m), the firm said in a statement.

The company has 400 employees and reported a net turnover of SEK930.1m (£75.4m) in 2007.


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.