Further job cuts expected as cycling industry continues to struggle

Owner of Lapierre and Raleigh says approximately 150 redundancies are necessary in order to ‘streamline’ production across Europe

Lapierre
(Image credit: Getty Images)

The Accell Group - owner of both Lapierre and Raleigh - is expected to make approximately 150 job cuts as it looks to ‘streamline’ production across Europe. 

This comes just a month after Cycling Weekly reported that the group behind the two brands was said to have “unsustainable” finances, and at a time where insiders say the industry is at the most turbulent it's been in 30 years.

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Tom Thewlis
News and Features Writer

After previously working in higher education, Tom joined Cycling Weekly in 2022 and hasn't looked back. He's been covering professional cycling ever since; reporting on the ground from some of the sport's biggest races and events, including the Tour de France, Paris-Roubaix and the World Championships. His earliest memory of a bike race is watching the Tour on holiday in the early 2000's in the south of France - he even made it on to the podium in Pau afterwards. His favourite place that cycling has taken him is Montréal in Canada.