The U.K. seller of Clarks shoes plans to cut 900 office jobs worldwide as part of a wider turnaround strategy, while store closures due to the pandemic put a strain on short-term cash flow.
C&J Clark Ltd. said it will also create 200 new roles, resulting in a net loss of 700 positions over 18 months.
The 195-year-old shoe brand currently employs almost 10,000 people. The company needs to remove complexity from the business and keep up with changing shopping habits, Chief Executive Officer Giorgio Presca said in a statement.
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