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Burberry to cut 20 per cent of global workforce, shares jump

Burberry (BRBY.L) shares surged 18 per cent on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance. Burberry is in the early stages of a turnaround effort led by CEO Joshua Schulman, who is seeking to […]


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