STOCKHOLM – Swedish fast fashion retailer H&M said this week it will cut 1,500 jobs to reduce costs as concerns grow about an impending global recession in 2023. Consumer demand has softened in recent months amid the cost of living crisis, post-pandemic fallout and war in Ukraine. Its latest restructuring will seek to make savings of around US$75m annually.
This is Premium Content
Only user with Online and Print subscription can access this.
If you are a Free Subscriber, click here to upgrade.
If you already have Online or Print subscription Login To Unlock The Content!