The job cuts by H&M, which employs roughly 155,000 people, are part of a plan launched in September to save two billion Swedish crowns per year
Swedish fashion giant H&M on Wednesday became the first big European retailer to start layoffs by announcing 1,500 job cuts owing to softening demand as consumers cope with soaring inflation.
The cuts by the company, which employs roughly 155,000 people, are part of a plan launched in September to save 2 billion Swedish crowns per year.
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