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Expected British fashion company Burberry Group Plc is cutting hundreds of jobs, mainly in the UKAfter its stock market value fell sharply, The Daily Telegraph reported.
(Lea: Monastery, the luxury brand that provides streetwear to the Colombian national team）
Los Angeles Employees were informed during a Zoom meeting in late JuneThose affected were told they faced dismissal or had to reapply for their positions, the newspaper reported, but did not disclose where they received the information.
It is said that Burberry launches 45-day consultation, signals hundreds of job cutsIt is understood union leaders are coordinating redundancy deals with a select group of employees.
(Out of interest: How much money can someone working for the 2024 Olympics organization make?）
staff They fear up to 400 jobs could be at riskBurberry declined to comment to The Daily Telegraph. Burberry to employ an average of 9,169 full-time employees in 2023-24According to its latest annual report.
Cutback ReportIn 2020, the iconic trench coat maker cut 500 jobs in an attempt to save £55 million. ($70.5 million) under the pressure of the pandemic.
Bloomberg
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