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The American toy company Mattel will reduce its workforce by 2,200 positions, which represents 22% of its workforce, and will also close its factories at Mexico City as announced in [19659002] The company based in El Segundo ( California ) reported these measures in the last hours when it published its second quarter results, reflecting a 29% increase in its losses and
The Barbie doll maker, among other popular brands, had a 'second quarter complex, mainly due to the liquidation of (toy chain) Toys' R' Us ", explained Mattel CEO and President, Ynon Kreiz.
At a public teleconference, Kreiz revealed that the layoffs will affect employees in the administrative part and reinforcement positions, and that the decision is fruitful re «Nous voyo There are many opportunities, but there has been a big divergence between our financial results in recent years and the business situation, "said Kriez, CEO of the company. from Mattel since April
Mattel lost $ 240.9 million this quarter compared to the losses of $ 56.1 million in the same period the year before, and its sales amounted to 840.7 million, compared to 974.5 million in the second quarter of 2017.
EFE
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