Gerry Weber to axe around 150 jobs, lowers forecast

In the first half of 2017/18, Gerry Weber International AG generated consolidated revenues of 404.7 million euros (478 million dollars), a decline of 5.4 percent. Following the disappointing first half, the company has initiated a “Performance Programme”, modifying its business model for sustainable profitable growth As a part of this initiative, the company, over the next two years, plans to cut about 140 to 150 full-time positions.