Employees at Lowden – the world-renowned Irish guitar firm which partnered with Ed Sheeran in 2019 on offshoot model Sheeran By Lowden – are going through potential job losses amid a decline in demand, in response to a report by The Belfast Telegraph.

The paper states that sources near workers say they’ve been warned of potential job losses, although the corporate stated in an announcement that no selections have been made, and alternate options to redundancy have been being explored.

Staff have been additionally instructed within the assertion that Lowden is welcoming “any ideas, feedback or proposals… with regard to enhancing the effectivity of the enterprise or methods of avoiding redundancy”.

Per the Belfast Telegraph, managing director Aaron Lowden, son of founder George Lowden, has expressed his willingness to proceed communication with workers, with these affected by job loss danger invited to particular person conferences later this month.

“A downturn within the world guitar market and the tip of the acoustic guitar increase that emerged throughout the time of Covid-19 have triggered Lowden to discover how you can greatest navigate this difficult local weather for the trade,” Aaron Lowden says.

“No selections have been made and we’re working intently in session with our full workforce to discover all possible cost-cutting routes ahead together with alternate options to redundancies.

“For over 50 years Lowden Guitars have held a globally-renowned popularity for high quality craftsmanship, uncompromising consideration to element and sound, and a dedication to retaining our operations right here in Northern Eire.

“Our popularity has been inbuilt partnership with our tight-knit workforce of craftspeople and workers who deliver their easiest to our workshops every day, and we proceed to navigate this course of with them on the centre of our focus.”

In accordance with The Telegraph, the corporate’s newest accounts – filed for the yr ending 31 March, 2024 – don’t element income and losses, however present that the corporate held £3.1 million price of property on the time – £2.3 million of which have been shares, £586,000 owed by debtors and £262,000 money at financial institution and in hand.

The corporate additionally owed £3.8 million to collectors due inside one yr, with £137,000 as a consequence of collectors following that point.

It’s unclear but which part of the enterprise these potential job losses might impression, and whether or not Sheeran By Lowden is going through the identical challenges.

Guitar.com has reached out to Lowden Guitars for remark.

Sam is the Affiliate Information Editor for Guitar.com and MusicTech. Completely immersed in music tradition for almost all of his life, Sam has performed guitar for 20 years, studied music expertise and manufacturing at college, and likewise written for the likes of Guitar World, Whole Guitar, Steel Hammer and MusicRadar.