Fashion industry
Luxury brand Burberry could delete 1,700 jobs
Burberry is known for his trench coats. The traditional British company is fighting, among other things, with worse shops in China. Now there is a risk of job cuts.
The British luxury brand Burberry threatens a job cuts. Up to 1,700 jobs could be affected worldwide, as the company announced. Burberry made an operational loss of three million pounds (around 3.56 million euros) in the financial year until the end of March. Among other things, the company is fighting worse shops in China.
Burberry was founded in England in 1856 and is known for his trench coats, checkered scarves and other luxury items. In the previous financial year, the company had made an operational profit of £ 418 million (around 497 million euros).
Now you should save. The aim is to save £ 100 million annually by the 2027 financial year, the statement said. This should happen, among other things, with personnel costs.
The British news agency PA reported about a fifth of the positions. CEO Joshua Schulman spoke of a difficult macroeconomic environment: but he was optimistic that over time you will achieve a sustainable, profitable growth.
dpa
Source: Stern
