MUSIC Proposes Staff Dismissal, Approx. 70 Affected

April 29, 2016

MUSIC, formerly known as Music Group, a holding company encompassing Behringer, Midas, Klark Teknik and, most recently, the TC Group portfolio of pro audio brands, has announced its proposal to dismiss around 70 staff members at its manufacturing and office facility in Coatbridge, Scotland. In this event, the facility’s Tannoy loudspeaker production efforts will be transferred to MUSIC’s new manufacturing plant in Zhongshan, China; research and development as well as marketing activities will be relocated to MUSIC’s Manchester, UK offices. Approximately one year ago, Music Group acquired TC Electronic, TC-Helicon, TC Applied Technologies, Tannoy, Lab Gruppen and Lake, which comprised the TC Group. Tannoy has been based in Coatbridge for over 35 years.  

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http://www.prosoundnetwork.com/business/music-proposes-staff-dismissal-approx-70-affected/46045