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
12:06
A drone illegally flew over the airspace of the Republic of Moldova, in the Palanca area, the Ministry of Defense announced
11:59
AirBaltic goes bankrupt due to rising fuel prices amid the war in Iran
11:53
Bucharest Bar lawyer indicted for tax evasion. Undeclared income of over 652,000 lei
11:42
60,000 toys suspected of infringing intellectual property rights seized at the Port of Constanța
11:37
The Commission is checking the safety of OpenAI agents after incidents in which they exceeded internet access limits
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
