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Burberry Laying Off 1,700 Workers As High-End Fashion Designer's Sales Plunge
Burberry is cutting more than 1,500 jobs worldwide after the British luxury fashion brand saw a steep drop in profits.
The company will lay off about 1,700 workers by 2027, Burberry said in an earnings report on Wednesday, May 14. The job cuts are part of a broader restructuring plan, aiming to save 100 million British pounds.
The cuts will come from operational expenses, including procurement, real estate, and staffing. Burberry said the changes are "subject to consultation where applicable."
The layoffs follow a difficult year for Burberry, which reported a 94% drop in adjusted oper…
Intoxicated Driver Kills 10-Year-Old Boys, Sends 6 Others To Hospital In Plainville Crash: DA
A 42-year-old man is accused of crashing a stolen car into a family, killing a 10-year-old boy, and sending several others to the hospital in Norfolk County this weekend, authorities said.
Michael Escolas, of Oxford, is expected to be charged with motor vehicular manslaughter — OUI, theft of a vehicle, and others, the Norfolk County District Attorney said. He was being held on a $25,000 bail.
Escola is accused of stealing a Jeep Cherokee parked at the Kenny Chesney concert at Gillette Stadium on Saturday, Aug. 24, and crashing into a family of six stopped at a traffic light on R…
