{"id":26332,"date":"2020-11-03T17:56:26","date_gmt":"2020-11-03T09:56:26","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=26332"},"modified":"2020-11-03T17:56:26","modified_gmt":"2020-11-03T09:56:26","slug":"swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/26332\/swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy\/","title":{"rendered":"Swarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy"},"content":{"rendered":"

\"\"<\/p>\n

Swarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy<\/p>\n

\"\"
\nSwarovski shareholders have approved the biggest overhaul in the crystal makers in 125 years of history which includes 6,000 job cuts after a year of debating heated discussion among the factions of the founding family. The Chief Executive Officer Robert Buchbauer has mentioned that the new strategy is to shift the focus onto more expensive and higher-margin jewelry including rings and bracelets, while the founding family argues about shifting away from the lower margin mass-market business.<\/p>\n

With this decision, various Austrian and Swiss units will be folded into an Austrian family company while the remaining in the Alpine town of Wattens near Innsbruck. With these 6,000 job cuts which are equal to 20% of Swarovski’s workforce and the incoming two to three years are expected to fall down by a third this year on Swarovski sales.<\/p>\n

\"\" \"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Swarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy Swarovski shareholders have…<\/p>\n","protected":false},"author":6,"featured_media":26337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65],"tags":[3520],"yoast_head":"\nSwarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy - Singapore EverydayOnSales News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sg.everydayonsales.com\/news\/26332\/swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy - Singapore EverydayOnSales News\" \/>\n<meta property=\"og:description\" content=\"Swarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy Swarovski shareholders have…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sg.everydayonsales.com\/news\/26332\/swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"Singapore EverydayOnSales News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/sgeverydayonsales\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-03T09:56:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/Approved-6000-Staff-Job-Cut-as-A-New-Strategy-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sgeons\" \/>\n<meta name=\"twitter:site\" content=\"@sgeons\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#organization\",\"name\":\"EverydayOnSales Singapore\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/sgeverydayonsales\",\"https:\/\/www.instagram.com\/sgeverydayonsales\/\",\"https:\/\/twitter.com\/sgeons\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2019\/08\/SG-EverydayOnSales.jpg\",\"contentUrl\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2019\/08\/SG-EverydayOnSales.jpg\",\"width\":400,\"height\":400,\"caption\":\"EverydayOnSales Singapore\"},\"image\":{\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#website\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/\",\"name\":\"EverydayOnSales Singapore News\",\"description\":\"Trending news for Singapore\",\"publisher\":{\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sg.everydayonsales.com\/news\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/26332\/swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/Approved-6000-Staff-Job-Cut-as-A-New-Strategy-.jpg\",\"contentUrl\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/Approved-6000-Staff-Job-Cut-as-A-New-Strategy-.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/26332\/swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy\/#webpage\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/26332\/swarovski-shareholders-approved-6000-staff-job-cut-as-a-new-strategy\/\",\"name\":\"Swarovski Shareholders Approved 6,000 Staff Job Cut as A New Strategy - 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