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H&M set to axe 1500 jobs as it continues High Street pull-out
Evening Standard
|November 30, 2022
HIGH STREET fashion retailer H&M is to cut as many as 1500 jobs as part of a major restructuring programme to slash costs after sales in Europe slumped.
The move is the latest sign of the firm's gradual withdrawal from the High Street after the Swedish clothing giant closed 56 stores in the UK since the pandemic struck in 2020 as it scales back operations in Europe.
The Stockholm-based business said the jobs losses were set to save around two billion Swedish Krona (£160 million), with the savings being realised in the second half of 2023.
Diese Geschichte stammt aus der November 30, 2022-Ausgabe von Evening Standard.
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