Zenith is reportedly facing significant job cuts at its Le Locle headquarters, potentially affecting around 100 employees, which represents half of the local workforce. Further job losses are also anticipated internationally. The brand is expected to reduce its collection offerings and cease its retail operations until 2029, leaving its future direction under LVMH ownership unclear.
- Around 100 jobs at Zenith's Le Locle headquarters are at risk.
- Another 100 roles internationally may be affected.
- Formal negotiations with employees have begun.
- Final decisions are expected by mid-November.
- Zenith is expected to cut back on the number of collections it produces.
- Retail operations are expected to close until 2029.
A report from Revolution, citing Le Temps and Business of Fashion, indicates potential job cuts at Zenith's Le Locle headquarters.
The potential job cuts could affect approximately half of the workforce at the Le Locle headquarters.
Zenith is also expected to reduce the number of collections it offers.
The brand's retail operations are anticipated to close until 2029.
The future of the LVMH-owned company remains uncertain amidst these potential changes.