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Dr Martens will cut up to £25m in costs to counter weak US sales
British footwear brand does not rule out job losses, while profits fall by 43% to £97m
Dr Martens has not ruled out another round of job cuts after revealing plans to slash up to £25m worth of costs to help counter weak US sales. A spokesperson for Dr Martens said it was too early to say whether the cost-efficiency plan would result in job losses for its staff, who are spread across the world, including in the UK, Japan, Italy, Germany and the US. The boot brand has a wide fanbase and storied history, having originally been created in 1945 by a young German army doctor, Klaus Märtens, who designed an air-cushioned sole to help his recovery from a broken foot.
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