On 4 November, Apparel Resources reported that global fashion brand H&M’s local presence in India regarding sourcing operation is going to be leaner, and will lay-off around 70 of its employees.
And this has come true as the company accepted that it has laid off its 60 employees.
The company has said that due to the restructured organisation within our India sourcing entity, around 60 of our colleagues will not continue their journey with us. It will promote networking methods to handle operations where all the offices are connected to each other for different operations.
Despite the geographical location of teams, digitalisation and customer-centric set-ups will enable market growth in the future as well as secure the best offer for our customers.
As per industry insiders, some staff of the company is looking for alternate jobs.
The company is taking transformative steps in order to strengthen customer centricity so that it can remain able to secure the best offers for its customers.