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Burberry to cut 20% of workforce
Mint Hyderabad
|May 15, 2025
Burberry Group Plc plans to cut almost a fifth of its workforce as its new chief executive officer (CEO) tries to turn around the British trenchcoat maker, after its push into high fashion flopped amid slumping global demand for luxury goods.
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The London-based company plans an additional £60 million ($80 million) of savings in the next two years, affecting as many as 1,700 roles—18% of its global workforce. The savings are on top of the £40 million set out by CEO Joshua Schulman in November.
यह कहानी Mint Hyderabad के May 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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