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Clothing: H&M announces a reduction in its workforce worldwide

2022-11-30T11:51:55.038Z

The cut in its workforce is part of a savings plan of 183 million euros. The Swedish clothing giant announced on Wednesday the elimination of 1,500 jobs as part of its economy plan announced in September. “ The cost and profitability program that we have started means that we are reviewing our organization and we are aware that our colleagues will be affected ,” said group CEO Helena Helmersson, quoted in the press release. To discover Prime Macron 2022: conditions,



The Swedish clothing giant announced on Wednesday the elimination of 1,500 jobs as part of its economy plan announced in September.

The cost and profitability program that we have started means that we are reviewing our organization and we are aware that our colleagues will be affected

,” said group CEO Helena Helmersson, quoted in the press release.

To discover

  • Prime Macron 2022: conditions, amount, date of payment... how does it work?

At the end of September, the world number 2 in the sector announced a new plan aimed at annual savings of 2 billion crowns (about 183 million euros).

In the third quarter, H&M's results were largely affected by its withdrawal from Russia.

Read alsoIn difficulty, Electrolux cuts its workforce

After shutting down all of its sales in the country in March following Moscow's invasion of Ukraine, the group announced in July that it was withdrawing from Russia.

In September, H&M said it had just over 30 stores.

Source: lefigaro

All business articles on 2022-11-30

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