--Moet Hennessy--the wines and spirits division of French luxury giant LVMH--plans to cut more than 10% of its workforce in a move to revive the company's performance, the Financial Times reports, citing internal conversations.
--Chief Executive Jean-Jacques Guiony and his deputy Alexandre Arnault told staff that they planned to cut the workforce back to 2019 levels, representing a reduction of about 1,200 jobs, the FT says.
--The reductions would largely be achieved through natural attrition and moving some staff into vacancies in other parts of the group. However, no timeline has been given for the job cuts, the FT adds.
Full story: https://tinyurl.com/bdf3j2z7
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
May 01, 2025 12:27 ET (16:27 GMT)
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