Simone Padovani/Awakening/Getty
The proposed layoffs would impact roughly 5% of its global workforce of 10,000 employees. In the UK, 150 people could lose their job.Visit Business Insider's homepage for more storiesBritish fashion luxury label Burberry said Wednesday that it plans to cut around 500 jobs, 5% of its global workforce, and warned that second-quarter revenue would be hit by the coronavirus pandemic.
Retail sales fell 75% in Europe and the Middle East, 10% in Asia Pacific, and by 70% in the Americas, its trading update showed. "We expect it will take time to return to pre-crisis levels with the resumption of overseas travel," CEO Marco Gobbetti said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Burberry has been a classic brand since the 1850s. Sad to hear!
The pandemic has pushed the digital economy to the forefront, the gradual change that was anticipated has become an almost unstoppable force and some job losses are a direct result
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wells Fargo prepares to cut tens of thousands of jobs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wells Fargo should have been shuttered long ago.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Calvin Klein, Tommy Hilfiger owner PVH cuts 450 jobs, closes stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😳😳😳😰😰😰😰 They’ll all rebound later. That’s business. Meanwhile, middle class and those in the poverty line should be taken care of gov’t.
Source: BusinessInsider - 🏆 729. / 51 Read more »
McDonald's UK Big Mac meal 8% cheaper after COVID-19 tax cut - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is that supposed to be a good thing ? Lol BIUK Buy fruit, you'll live longer the health risk is still high, not worth the consequences
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: Leaving a job during a recession, McKinsey, Hamilton - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK government announces it will remove Huawei from UK 5G by 2027 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You may be a photographer but you have not so much time to spend for this. For such cases, we offer our High End Photo Retouching and Photoshop Editing Service. Contract quem diria. a Inglaterra, de pátria-mãe, e reino, à vassalo/serviçal, dos EUA. AdamBienkov Predictably, after BrexitReality the UK has become a rule taker and ceased to be a rule maker.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Verizon unveils socially conscious business plan, Citizen Verizon - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Disagree. Jobs are temporary and go away. As a youth football coaching legend, I am convinced our great football players can be happy working for Verizon as long as we go all-in on reducing CO2 usage.
Source: BusinessInsider - 🏆 729. / 51 Read more »