Business

Burberry to relocate 300 jobs from London to Leeds

Burberry shop in New Bond Street, London

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PA

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Burberry will open a brand new enterprise providers centre in Leeds in October

Style retailer Burberry has introduced plans to relocate 300 jobs from its London workplaces to West Yorkshire as a part of cost-saving measures.

The luxurious model stated it plans to open a brand new enterprise providers centre in Leeds in October in a bid to save lots of £100m.

Workers in London will probably be provided the possibility to relocate or face redundancy.

Plans introduced in 2015 for a £50m manufacturing and weaving facility in Leeds, nevertheless, stay on maintain.

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Burberry, finest identified for its trench coats and distinctive checks, described the relocation as an “vital transfer”.

The Leeds workplace will convey collectively groups from finance, HR and procurement, in addition to some customer support and IT roles.

Chief finance officer Julie Brown has stated the group was nonetheless dedicated to Yorkshire, however was “taking a second to assume by” its plans for a brand new facility in Leeds South Financial institution.

In April, shares in Burberry fell by 6%.