The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Administrative Services Office Administrative, Office Support And Other Business Support Activities Office Administrative, Office Support And Other Business Support Activities 82 - Office administrative, office support and other business support activities
300 jobs Number of planned job losses
Announcement Date
4 May 2017
Employment effect (start)
Foreseen end date
Description
Fashion retailer Burberry has announced that it is to cut 300 jobs from its London offices as part of cost cutting measures. The decision follows a 6% fall in the company's share price in April 2017. The jobs which will be cut from the London offices are in the firm's administrative and support roles, such as human resources and financial roles. Some IT and customer services positions are also reported to be affected. Staff will be offered the opportunity to relocate to Leeds, a distance of over 250 km, or will face redundancy. Burberry will open a new business services centre in Leeds in October 2017.
Sources
4 May 2017: BBC Website
Citation
Eurofound (2017), Burberry, Internal restructuring in United Kingdom, factsheet number 91054, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91054.
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