11 h. ago Burberry to cut up to 1,700 jobs worldwide in bid to slash costs

The majority of reductions are set to come from head office-based teams around the world, led by the UK where there is a bigger proportion of staff.

Politics

13 h. ago Burberry to axe 1,700 jobs globally in bid to cut costs as it swings to a loss

Burberry said it was hiking its cost-cutting target to £100million of savings per year by the 2027 financial year.

Economics

13 h. ago Burberry may cut 1,700 jobs globally to reduce costs as profits fall

Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 150 postsBurberry has said it could cut 1,700 jobs worldwide by 2027 – including removing the entire night shift at its Yorkshire raincoat factory – as the struggling fashion house ramps up its efforts to slash costs after a tumble in profit.The British luxury brand announced the job cuts on Wednesday after reporting a 117% fall in its annual pre-tax profits in the last financial year. It recorded a £66m loss, down from a profit of £383m, as the company has struggled against a broader malaise in the global luxury goods industry. Continue reading...

Economics

14 h. ago Burberry to cut up to 1,700 jobs worldwide after £3 million loss

The luxury fashion brand said it was hiking its cost-cutting target to £100 million of savings by the 2027 financial year.

Economics

14 h. ago Luxury fashion brand Burberry to cut up to 1,700 jobs after £3million loss

Burberry is looking to make £100million of savings per year by the 2027 financial year - up from the £40million it was previously targeting

Economics

1 week ago Drivers urged to park in specific spot today to cut costs as temperatures soar

With temperatures set to soar today, drivers are being urged to park in a specific spot to slash car costs as the UK basks in a mini heatwave after a long and overcast winter

Politics

2 w. ago Drivers urged to write one word on car insurance to slash cost by 25 percent

Motorists could save up to 25% on premiums by tweaking just one word in their job title when applying for car insurance

Transport

3 w. ago Why Elon Musk installed his top lieutenants at a federal agency you probably haven't heard of

The General Services Administration has a key role in the Trump administration’s quest to slash costs and bring the federal government to heel

Politics