Swedish fashion retailer Hennes & Mauritz (H&M) has let go of employees from its production team that handles exports in India, people aware of the matter said.
Confirming the layoffs, the company, in an emailed response to a media company, said: “As a result of our restructured organization within our India sourcing entity, around 60 of our colleagues will not continue their journey with us.”
“We will promote networking methods to handle our operations where all the offices are connected to each other for different operations. Despite the geographical location of teams, digitalization and customer-centric set-ups will enable market growth in the future as well as secure the best offer for our customers,” it said.
“We believe this restructure is necessary to secure speed, agility, and efficiency in our ways of working. Though this may bring some difficult decisions, they are necessary to strengthen our position in the competitive landscape.”
Earlier in March, H&M had shared that it is weighing laying off tens of thousands of workers worldwide temporarily, as it works through interruptions to its business from the coronavirus pandemic. H&M had also shared that it was considering terminating some employees “due to the negative impact of the corona situation on the business.
However, the company wouldn't be shutting any stores in the country.