The British company cuts employment and notes a loss. 1.2 thousand disappeared from the company full -time

Clarks has another difficult year. Despite the exemptions and costs of costs, the company finished the year with a loss and announces further changes to prepare it for a return to profits in 2025.

Clarks, bThe Rytyan manufacturer and retailer of footwear announced that he reduced employment by over 1,200 people last year. The decision was a consequence of a sharp decline in sales. The company's revenues have shrunk by almost 100 million pounds. The latest documents submitted in the British commercial register show that The number of Clarks employees decreased from 7413 to 6161 people.

The exemptions did not improve the situation

“2024 was a transitional period for our activities. Both internal and external factors created many challenges” – they were reported in the company's statement. Clarks ended the financial year with a loss before tax in the amount of 39.2 million pounds.

The manufacturer's authorities point to difficult global conditions as the main cause of problems. Explain the financial result increased market uncertainty resulting, among others from numerous elections in countries such as the United States, Great Britain, India, European Union countries and emerging markets. According to the company, this situation influenced the caution of both consumers and companies, fearing changes in commercial policy, regulations and fiscal strategies.

The British company informs that last year significant operational changes were carried outadapting the cost structure to the current scale of activity. The marketing approach and product offer were also changed to prepare the company for reconstruction and a lasting increase in profitability in 2025.

In April 2024, Jon Ram resigned from the function of President Clarks, who managed the company for two years. Currently, the company is managed by a temporary executive committee.

Ed. Df

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