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130 new news items in the last 24 hours
  1. Home
  2. International

Burberry plans to lay off 1,700 staff by 2027, following significant financial losses, as part of a cost-cutting plan

Raluca Ioana Draghici
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14 May 2025, 18:25
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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

sursa imagine
G4Media
Burberry va concedia 1.700 de angajați, în contextul unor pierderi financiare semnificative
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BZI
Cutremur în moda de lux! Burberry concediază 1.700 de angajați și își reinventează strategia
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Newsweek
Concedieri la Burberry compania de lux care îmbracă politicienii români. 1.700 de oameni dați afară
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Antena3
O casă de modă de lux vrea să concedieze 18% din forţa sa de muncă globală
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Profit.ro
Burberry declanșează concedieri

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NEWS ON THE SAME TOPICS

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British American Tobacco will lay off 5,500 employees and will move 3,500 positions to foreign companies, affecting 9,000 jobs.
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Porsche lays off 5,000 employees in Germany to reduce costs
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Porsche will eliminate 9,000 jobs by 2035
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BMW announces the elimination of 8,000 jobs in Germany through voluntary departures, affecting the administrative and development departments.
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Volkswagen announces the elimination of 50,000 jobs in Germany by 2030, with the possibility of increasing the number of layoffs by another 50,000 positions.
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The CEO of Volkswagen announced that the group could lay off 50,000 employees globally, in the context of rising costs and weak demand.
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burberry Redundancies reducing the workforce cutting costs financial losses United Kingdom

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