Get the latest gossip
Burberry may cut 1,700 jobs globally to reduce costs as profits fall
Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 150 posts
Burberry has said it could cut 1,700 jobs worldwide by 2027 – including removing the entire night shift at its Yorkshire raincoat factory – as the struggling fashion house ramps up its efforts to reduce costs after a tumble in profits. Joshua Schulman, the chief executive of Burberry, said most of the cuts would be at the group’s head offices around the world – led by London – but jobs would also go by reorganising staff rotas in stores and dropping one shift at its trenchcoat factory in Castleford. The fashion house, which is best known for its signature trench coats, has struggled in recent years because of a weak luxury market and a series of short-lived attempts to revive the brand with different designers.
Or read this on The Guardian
