Ralph Lauren: planned redundancies ahead
(CercleFinance.com) - As part of a "reorganization of its business for future growth," the upmarket clothing company Ralph Lauren has announced its intention to reduce its global workforce by the end of its fiscal year 2020-21.
These measures are expected to result in savings of approximately 180-200 million dollars in gross pre-tax expenditure on an annualised basis, primarily beginning in fiscal year 2021-22.
Relating to the planned job cuts, the New York-based group expects to book total costs of about 120-160 million dollars in estimated pre-tax expenses.
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