Clarks to shed 700 jobs as it launches new global strategy
Footwear specialist Clarks has said it will cut 700 jobs globally over the next 18 months as it launches a new strategy designed to future-proof the ailing business.
Clarks said its âMade to Lastâ strategy comprised two central pillars: new branding focused on âexploiting the brandâs potential, leveraging its heritageâ and sustainability; and a new âend-to-endâ operating model.
The new operating model will be aimed at making Clarks more able to deliver its strategy âin a lean, effective and quick mannerâ and will lead to a reduction in the global workforce of around 700 staff globally.
Clarks said 900 existing roles will be mothballed, while 200 new roles will be created under the new strategy.
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