Burberry to cut 500 jobs worldwide in £55m cost-cutting drive

Plan, which includes 150 UK head office posts, comes as sales slump in Covid-19 crisisCoronavirus – latest updatesSee all our coronavirus coverageBurberry is to cut 500 jobs worldwide, including 150 in its UK head office, to slash costs by £55m after a slump in sales during the coronavirus pandemic.Retail sales dived by 48% in the three months to the end of June, including a 75% fall in Europe and the Middle East, as countries closed shops and offices and severely limited travel to control the spread of Covid-19. Continue reading... https://www.theguardian.com/fashion/2020/jul/15/burberry-to-cut-500-jobs-worldwide-in-55m-cost-cutting-drive-covid-19 #burberry_group #retail_industry #business #fashion #coronavirus_outbreak #luxury_goods_sector #uk_news #job_losses #world_news #burberry