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PARIS As the tally of job cuts across the globe continues to mount, Swarovski plans to cull 600 positions, with the coronavirus crisis adding urgency to restructuring efforts at the historic, family-owned crystal-maker.
In a bid to streamline the company, which is based in Austria and Switzerland, chief executive officer Robert Buchbauer is kicking off a restructuring drive by merging marketing and sales activities that were spread across businesses, as indicated in an e-mailed statement from the group.
Swarovski is currently realigning its business along a new vision and growth strategy and with this fundamentally changing its existing organizational structures and business model, it said.
To this …
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