243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
DPA
Translated by
Barbara Santamaria
Published
Oct 19, 2018
Reading time
2 minutes
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Massive jobs cuts loom at Gerry Weber

By
DPA
Translated by
Barbara Santamaria
Published
Oct 19, 2018

Troubled fashion company Gerry Weber is making a new round of job cuts. A report commissioned by the company to review its restructuring plan found that the group’s core business model is “sustainable and viable for the future”, announced outgoing CEO Ralf Weber on Thursday. But the restructuring process will require more efforts. “This will inevitably result in deep cuts both in personnel as well as the corporate structure”, Weber said.


More jobs cuts at Gerry Weber - Foto: Gerry Weber


The Germany fashion company, which owns Hallhuber, Samoon and Taifun in addition to its core Gerry Weber brand, employs currently around 6,500 people. It has been struggling with declining sales and mounting losses for several quarters, and its share price has more than halved over the last twelve months. But shares in the company grew by over 15% on Thursday. Volker Bosse, an analyst from the Baader Bank, described the company’s latest announcement as good news, as it means banks will continue to support the business during the reorganisation. However, the process will last longer than expected and bring larger cuts, he continued. So the group’s ability to return to growth will remain to be seen.

The group is currently negotiating with financing partners to ensure the ongoing financing of the group, and has already implemented a series of operational and structural restructuring measures, it announced in a press release. It wants to adjust to the changes in the retail market and consumer behaviour as the landscape continues its ‘dramatic’ evolution. The company didn’t say exactly how many jobs are at risk of redundancy.

Spokesman Johannes Ehling reassured investors by saying he is sure Gerry Weber will “get back on track after a successful restructuring”. On the stock market, the company’s announcement caused a price jump on Thursday.

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