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Clarks to slash 900 jobs as part of turnaround strategy

26
May '20
Pic: Clarks
Pic: Clarks
UK footwear manufacturer and retailer Clarks will slash around 900 jobs as part of a major shake-up to revitalise the business for a post-coronavirus environment. The company recently made 160 redundancies globally and over the next 18 months, the turnaround strategy will see it make another 700 or so employees redundant, the company said.

However, Clarks said this total reduction of 900 corporate roles in its global workforce will be partially balanced by the creation of around 200 new jobs, according to British media reports.

The retailer also said it is actively supporting staff to find alternative employment within or outside of Clarks.

The announcement is part of Clarks’ ‘Made To Last’ turnaround strategy, which was first launched at the end of last year and is aimed at ensuring the heritage British retailer has a sustainable future.
“There are exciting opportunities ahead for our business, and we are having to make some difficult decisions to get there,” chief executive Giorgio Presca was quoted as saying.

The strategy include a focus on sustainability, product innovation, design and quality, and digital enhancement to help customers properly interact with the Clarks brand, and select and buy shoes in convenient ways.

Fibre2Fashion News Desk (DS)


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