Pandora have decided to cut 400 jobs as part of their plan to support their strategy and protect profitability.
397 employees from Pandora’s 27,000 strong workforce will leave the company.
Other changes will include strengthening cooperation between sales, marketing and merchandising, optimising support functions, including providing more standardised reporting and processes, and implementing a centralised operations and supply chain structure to streamline manufacturing.
Pandora chief executive Anders Colding Friis said: “We have made important progress on our 2022 strategy since we launched it last year, and are on the right long-term direction for Pandora. Pandora has nearly doubled in size the past three years, and our ways of working have also grown rapidly and resulted in different organisational set-ups in different parts of the company.
“The adjustments we announce today will reduce complexity and free up resources that we can add to our strategic priorities. The adjustments are also – together with our procurement program – necessary to protect our profitability. Sadly, the changes mean that good employees will lose their jobs, and we are supporting them in the best possible way.”
