Lego to cut 1,400 jobs as sales slide (BBC)
5 September 2017
From the section Business 160
Toymaker Lego is cutting 1,400 jobs worldwide in the face of falling sales and profits.
The figure is 8% of the Danish company's 18,200-strong workforce, but it is not clear where the jobs will go.
Lego said in its half-year results that revenue fell 5% to 14.9bn Danish krone (£1.8bn, $1.3bn), with profits down 3% to 4.4bn krone.
The company said it needed to make the job cuts as its business had become too complex and needed a "reset".
Lego chairman Jorgen Vig Knudstorp said the group had become an "increasingly complex organisation" following double-digit global growth in the past five years.
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more: http://www.bbc.com/news/business-41160743
NOOOOOO !! Not Lego !
First this catastrophe ...
now job cutbacks ... when will it end ?