The British footwear manufacturer Clarks, which had some business difficulties even before the coronavirus pandemic, is planning to reduce up to 18 jobs worldwide in the next 900 months, writes Worldfootwear.com.
“In order to meet the short-term liquidity needs caused by the Covid-19 crisis, Clarks management is also considering financing options,” the company said.
Clarks has decided to cut jobs after reviewing its strategy, and expects the cut in 900 jobs to be partially offset by the creation of 200 new positions. The company has already reduced 170 jobs last year.
With a retail chain of more than 1400 stores in 75 countries, Clarks has been able to temporarily close many retail outlets due to the Covid-19 pandemic. Currently, the company has launched a business restructuring process. Clarks CEO Giorgio Presca said that exciting opportunities could open up for Clarks in the future, but today, companies have to make difficult decisions to make this happen.
Clarks was founded in 1825 and employs about 13 people. According to the results of the last fiscal year, which ended in 000, the British shoe manufacturer received a post-tax loss of £ 2019 million. The reason was a drop in sales. As we wrote earlier, Clarks closed its only factory in the UK last year after failing to meet its production goals for its desert shoes. The factory was opened in 2017.