Burberry to Cut 1,700 Jobs Amidst Heavy Losses
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Burberry announced plans to cut approximately 1,700 jobs, nearly a fifth of its global workforce, to reduce costs by 2027. The luxury brand reported a £66 million loss last year. The majority of job cuts will affect head office staff globally, with a focus on the UK. Night shifts at the Castleford factory will be eliminated, though Burberry plans to invest in its renovation to safeguard UK manufacturing.
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