Burberry to cut 1,700 jobs as designer suffers heavy losses
Source: BBC
Luxury fashion firm Burberry has said it could cut some 1,700 jobs as part of plans to reduce costs by 2027.The British designer brand - famed for its distinctive camel, red and black check pattern - announced the proposed savings on Wednesday as it reported a £66m loss in the last financial year.The proposed job cuts would reduce its global workforce by almost a fifth and include potential redundancies at its…
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