The Swedish fashion retailer Henne & Mauritz (H&M) has discontinued the working of several employees that handles its exports in India, a few people aware of the issue told. The company confirmed the layoffs via an email to Economic Times, it said, “As a result of our restructured organisation within our India sourcing entity, around 60 of our colleagues will not continue their journey with us.” It also confirmed that they would not be shutting down any store in India after laying off its employees.
Further, it also read, “We will promote networking methods to handle our operations where all the offices are connected to each other for different operations. Despite the geographical location of teams, digitalisation and customer-centric set-ups will enable market growth in the future as well as secure the best offer for our customers. We believe this restructure is necessary to secure speed, agility and efficiency in our ways of working. Though this may bring some difficult decisions, they are necessary to strengthen our position in the competitive landscape.”
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Due to the coronavirus pandemic and the lockdown imposed thereafter, resulted into the collapsing sales for the company, due to which, H&M earlier this year announced that they will be reviewing the business in order to cut the cost, including the laying off employees across the world.
