Swedish fashion retailer H&asdfssdfsmp;M announced on December 1 that after withdrawing from the Russian market, they would launch a cost-cutting plan and will lay off about 1,500 people globally. It is expected that in the future It can save about 2 billion Swedish krona per year. <\/p>\n
AFP reported that H&asdfssdfsmp;M said in a statement: In addition to administrative and management costs, this plan will also lay off 1,500 people to reduce labor costs. <\/p>\n
H&asdfssdfsmp;M announced this reorganization plan in September this year due to a sharp decline in profits in the third quarter. H&asdfssdfsmp;M decided to “end its business in Russia” after Russia invaded Ukraine, which had a huge impact on the company’s profits. <\/p>\n
Helenas Helmersson, CEO of H&asdfssdfsmp;M Group, said: This is a cost efficiency plan we launched after reviewing our organizational structure. We will pay great attention to the impact of this on our colleagues. impact of the project. <\/p>\n
According to H&asdfssdfsmp;M, this plan is expected to cost about 800 million Swedish kronor, but it is expected to save 2 billion Swedish kronor per year. <\/p<\/p>\n","protected":false},"excerpt":{"rendered":"
Swedish fashion retailer H&asdfssdfsmp;M announced on December 1 that after withdrawing from the Russian market, they would launch a cost-cutting plan and will lay off about 1,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46],"class_list":["post-3040","post","type-post","status-publish","format-standard","hentry","category-textile-fabric-news","tag-db"],"_links":{"self":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/3040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3040"}],"version-history":[{"count":0,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/3040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}