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 ‘Made to Last’ strategy comprised two central pillars: new branding focused on “exploiting the brand’s potential, leveraging its heritage” and sustainability; and a new “end-to-end” operating model.
The new operating model will be aimed at making Clarks more able to deliver its strategy “in a lean, effective and quick manner” 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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