ZURICH Dec 9 Swiss luxury good company
Richemont has reached an agreement with employees on a
new round of job cuts, a labour union said on Friday, adding
that the layoffs were smaller than originally planned.
Swiss labour union Unia, which was involved in talks between
the company and its workers, said the cuts planned at Richemont
had been "massively reduced" as renegotiated severance packages
helped support voluntary departures.
In November, a source told Reuters Richemont was aiming to
trim between 200 and 250 additional positions from its Swiss
manufacturing divisions under an agreement between the company
and unions that runs to February 2017.
Richemont confirmed on Friday that an agreement had been
reached. It said it would not comment further at the moment out
of respect for the personnel affected by the cuts.
(Reporting by Brenna Hughes Neghaiwi; editing by David Clarke)