Swedish fashion retailer Hennes & Mauritz (H&M) has let go of employees from its production team that handles exports in India, says an Economic Times report.
As a result of its restructured organization within its India sourcing entity, the brand has laid off around 60 of its employees. It further plans to promote networking methods to handle its operations where all the offices are connected to each other for different operations. Despite the geographical location of teams, digitalization and customer-centric set-ups will enable the brand to achieve market growth in the future besides securing the best offer for its customers.
The restructuring will enable the brand to secure speed, agility and efficiency in itsr ways of working. Faced with slumping sales as a result of the ongoing pandemic, H&M earlier this year announced that it was reviewing business and looking at ways to cut cost, including laying off employees across the world.