Tag #Wehkamp

What are the immediate consequences of Wehkamp's decision to reduce its workforce by approximately 10%?

Wehkamp, a Dutch online retailer, is cutting approximately 10% of its workforce, eliminating 103 out of 1100 jobs. This restructuring impacts the head office in Zwolle and the Hilversum clothing line office, aiming to simplify the organization and address persistent financial losses. The company lost nearly €8.7 million last year, continuing a three-year trend of declining revenue.