Burberry plans to lay off 1,700 staff by 2027, following significant financial losses, as part of a cost-cutting plan
Raluca Ioana Draghici
International
www.shutterstock.com
Always see our news on Google
Luxury brand Burberry has announced it will cut its global workforce by almost 20% as part of a cost-saving plan after reporting losses of 66 million pounds. The layoffs, which will mainly affect UK office teams, will also include redundancies at the Castleford factory. Chief executive Joshua Schulman emphasized that the measures are designed to protect UK production and that investment will be made in refurbishing the factory. Burberry is targeting annual savings of 100 million pounds by 2027.
Sources
Burberry va concedia 1.700 de angajați, în contextul unor pierderi financiare semnificative
Cutremur în moda de lux! Burberry concediază 1.700 de angajați și își reinventează strategia
Concedieri la Burberry compania de lux care îmbracă politicienii români. 1.700 de oameni dați afară
O casă de modă de lux vrea să concedieze 18% din forţa sa de muncă globală
Burberry declanșează concedieri
Latest News
10:46
The Ukrainian government intends to dismiss the heads of a state bank, following an anti-corruption investigation.
10:35
The ANM announces a heat wave in Romania between August 20 and 24, with maximum temperatures of 33-40 degrees. An orange code is issued for several regions.
10:35
Andrei Pleșu: About public speaking
10:23
China: The founder of the real estate giant Evergrande, Xu Jiayin, sentenced to life in prison for fraud.
10:03
The volume of construction works increased by 20% in June 2026 compared to the same month in 2025, and in the first six months, the advance was 13.9%.
See more news
NEWS ON THE SAME TOPICS
International
Porsche will eliminate 9,000 jobs by 2035
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
