The Esprit chain programs job cuts and store closures



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The chain of clothing stores Esprit wants to remove nearly 40% of its administrative staff and close the stores in loss, she said Tuesday. Belgium has 23 establishments of the sign but it has not yet been specified where this reorganization would take place.

The company, whose headquarters are in Hong Kong and Germany, allows two to three years to set up a "solid foundation"for future growth The reorganization will first take place at the management level, which will be reduced from thirteen to six people.The administrative job cuts should be completed by mid-2019.

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