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Versace to cut quarter of workforce

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10-28-2009, 11:58 PM

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Versace to cut quarter of workforce

Italian luxury fashion house Versace is to eliminate 350 jobs (around 25% of its workforce), due to a slump in demand for luxury and designer goods.The jobs will be cut worldwide and completed by the middle of 2010 and are part of a strategic review of its stores.The group, which employs 1,360 staff across its [...]

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