'Difficult Decision' - Around 50 Jobs at Risk at Victrex After £44m Loss Blow

'Difficult decision' - Around 50 jobs at risk at Victrex after £44m loss blow

Thornton-based manufacturer Victrex, which employs 1,100 employees globally, now plans to reduce its workforce in the third quarter of 2026.

Manufacturer Victrex to axe 10th of jobs after plunging to loss

It will cut the jobs in the third quarter of 2026 as a result, primarily in central operations rather than customer-facing roles.

Victrex cuts 10% of workforce amid £44m first-half loss – Northern Financial Review

Blackpool-based high performance polymer company Victrex has reported a loss before tax of £44 millon for the six months ended March 31, 2026, after £63 million of “exceptional items.” Victrex reported a £60.6 million “non-cash impairment” for a China manufacturing facility — but said it “remains committed to this facility in our fastest growing region.” First-half underlying profit before tax fell 18% to £19 million as revenue edged 1% higher t…

Victrex to cut 10% of workers following £44m half-year loss

Lancashire-based polymer producer Victrex is moving forward with a profit improvement plan