Luxury fashion firm Burberry has said it could cut some 1,700 jobs as part of plans to reduce costs by 2027.
The British designer brand – famed for its distinctive camel, red and black check pattern – announced the proposed savings on Wednesday as it reported a £66m loss in the last financial year.
The proposed job cuts would reduce its global workforce by almost a fifth and include potential redundancies at its Castleford factory in West Yorkshire.
Burberry chief executive Joshua Schulman said most job losses would come from its head office teams around the world, but said the cuts would "naturally" be focused in the UK, where most of its staff are based.
He confirmed staff rotas would be reorganised and that night shifts at its factory in Castleford, which makes trench coats priced from £1,000 to £10,000 each, would be scrapped.
"For a long time we have had overcapacity at that facility, and that is simply not sustainable," Mr Schulman said.
"But I want to be very clear that we are making this change to safeguard our UK manufacturing, and in fact we will be making a significant investment to renovate this factory in the second half."
