396
Fashion Jobs
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
TOM FORD
Marketing Director, Tom Ford Beauty
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
CHANEL
Business Systems Manager – Learning/Collaboration/Talent
Permanent · TAIKOO SHING
CHANEL
Assistant Payroll Manager - HR Business Services, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Senior Client Engagement Executive
Permanent · TAIKOO SHING
CHANEL
Senior Manager, People Sustainability Reporting
Permanent · TAIKOO SHING
CHANEL
IT Asset Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Head of Governance & Operations, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Merchandising Manager
Permanent · TAIKOO SHING
CHANEL
Head of Learning Ecosystem And Retail Learning & Development, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Sustainability Manager (Sustainable Built Environment), Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Assistant Project Manager, Asia Pacific
Permanent · TAIKOO SHING
By
Reuters
Published
Apr 27, 2009
Download
Download the article
Print
Text size

Cartier cuts working hours as demand dwindles

By
Reuters
Published
Apr 27, 2009

ZURICH, April 27 (Reuters) - Richemont (CFR.VX), the world's second-largest luxury goods group behind LVMH (LVMH.PA), is cutting working hours at its main Cartier factory as the economic slowdown dampens demand for pricey timepieces.



Employees in watch production at the top-end brand will work at 40 percent for a three-month period starting in May, a spokesman for Richemont said.

"In this way, we can retain the staff and production flexibility whilst avoiding a build up of finished goods inventory. We do not want to lose any of our employees," he said.

Cartier had already introduced shorter worker hours at its smallest factory in Switzerland earlier this year.

Cartier has 1,100 employees in its watchmaking operations in Switzerland, spread over three sites at La Chaux-de-Fonds, Villars-sur-Glane and Meyrin, the Richemont spokesman said. Swiss newspaper L'Agefi reported around 500 employees would be affected.

By 1131 GMT, shares in Richemont had fallen 4.3 percent to 20.28 Swiss francs, underperforming a 2 percent drop in the DJ personal and household goods index .SXQP.

Demand for Swiss watches has tumbled in recent months as the economic crisis and looming job losses have made consumers reluctant to splash out on luxury treats.

Swiss watch exports dropped 26.6 percent in nominal terms compared with the same period last year, Swiss March trade data showed, with the greatest decline in the highest price segments. (Reporting by Silke Koltrowitz and Katie Reid ; Editing by Rupert Winchester)

© Thomson Reuters 2024 All rights reserved.