Burberry cuts hundreds of jobs

20-01-2009

Burberry cuts hundreds of jobs
Clothing company Burberry has announced plans to close its Rotherham sewing factory, resulting in the loss of up to 290 workers.

The closure and job cuts are part of the brand's cost-cutting initiative aimed at saving up to £50 million a year.

Burberry said on Tuesday it will shut the factory and shift production 20 miles north to another Yorkshire plant in Castleford, with supporting operations also due to be scaled back.

The company has said it also plans on cutting some 250 jobs in Spain, after news like-for-like retail sales fell three per cent in the third quarter.

Burberry's chief executive, Angela Ahrendts, said the cuts would enable the firm to "trade through the current difficult environment and emerge even stronger when the global economy recovers".

Ms Ahrendts added Burberry still expected to achieve its profit targets.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure