<p>British fashion house Burberry Group Plc is expected to shed hundreds of jobs, mostly in the UK, following a sharp drop in its stock market value, the <em>Telegraph</em> reported.</p><p>Employees were informed during a Zoom meeting in late June, with those affected told they were facing redundancy or having to reapply for their roles, the newspaper reported, without saying where it got the information. </p><p>Burberry has reportedly begun a 45-day consultation, signaling that hundreds of positions could be cut. </p>.This is how much it costs Dior to make handbag that's sold for over Rs 2 lakh.<p>It’s understood that union officials are coordinating redundancy settlements with a select group of employees. Employees fear as many as 400 jobs could be at risk. Burberry declined to comment to the <em>Telegraph</em>. </p><p>Burberry employed an average of 9,169 full-time equivalent workers during the 2023-24 fiscal year, according to its most recent annual report. </p><p>The reported cuts would follow 500 positions slashed in 2020, when the iconic trench-coat maker sought to save £55 million ($70.5m) amid pressures from the pandemic.</p>
<p>British fashion house Burberry Group Plc is expected to shed hundreds of jobs, mostly in the UK, following a sharp drop in its stock market value, the <em>Telegraph</em> reported.</p><p>Employees were informed during a Zoom meeting in late June, with those affected told they were facing redundancy or having to reapply for their roles, the newspaper reported, without saying where it got the information. </p><p>Burberry has reportedly begun a 45-day consultation, signaling that hundreds of positions could be cut. </p>.This is how much it costs Dior to make handbag that's sold for over Rs 2 lakh.<p>It’s understood that union officials are coordinating redundancy settlements with a select group of employees. Employees fear as many as 400 jobs could be at risk. Burberry declined to comment to the <em>Telegraph</em>. </p><p>Burberry employed an average of 9,169 full-time equivalent workers during the 2023-24 fiscal year, according to its most recent annual report. </p><p>The reported cuts would follow 500 positions slashed in 2020, when the iconic trench-coat maker sought to save £55 million ($70.5m) amid pressures from the pandemic.</p>