Nike foam manufacturer in Croydon slashes 100 jobs as production off-shores to Vietnam
A Croydon foam manufacturer has slashed 100 jobs as they move production to Vietnam.
Zotefoams produces foam for household names such as Nike, but has announce it will transfer footwear manufacturing to South East Asia.
The company, which increased profits last year [1], has been operating in Croydon for more than 90 years.
Helen O'Connor, GMB Membership Development Officer said:
"Zotefoams is not a failing company. They increased profits last year by 34 per cent.
"Despite this they are abandoning the workers in Croydon who are responsible for this success.
“The workers now face the threat of redundancy and production moving to Vietnam.
"These are high-quality manufacturing jobs – the type the country is crying out for.
“Some people have worked there for many years, yet the employer is making them redundant with the bare minimum redundancy package.
"GMB calls on the business to rethink their plans and keep the jobs in Croydon.
“We will demand the government and local politicians' step in to stop these job losses."
Media enquiries: GMB Press Office on 07958 156846 or at press.office@gmb.org.uk
Notes to Editors:
[1] "For the six months to 30 June 2026, Zotefoams Group revenue rose 23% to £95.2 million and adjusted operating profit rose 34% to £16.3 million, from £12.2 million in the same period last year. These are figures for Zotefoams plc, the Group as a whole." Source Zotefoams Proposed restructuring of our UK business at Croydon Document
