Vacu-Lug to Make 15 Redundant in Ops Review

Grantham-based retreading firm, Vacu-Lug is set to make 15 employees redundant in an operational review following difficult trading conditions in the commercial tyre sector. The company, which is Europe’s largest retreader of commercial and industrial tyres, is struggling to retain previous levels of demand in some business areas thanks to current market difficulties in haulage and logistics industries.

A spokesman for the company told local news sources that the review was the company’s response to the slowing economy, while the redundancies do not reflect the expanding nature of other sectors of the business. The company was eager to stress the fact that the move comes as “a restructuring exercise, which will help us continue our growth in other areas of the business.”

Nevertheless, an anonymous worker was quoted by a local newspaper as “very concerned”, noting that the decreased workload had been noted.