The Peak Group'S Layoffs For Cartire And Other Major Brands Are Also Forced By Rogue.

The decline of the watch industry has led to a decline, but there is still no way to predict the clock industry that is hitting the bottom.

As the top brands of many high-end watches, it has announced plans for layoffs a year ago.

However, after adjustment,

It said that the size of layoffs would be reduced.

The original plan of the group will carry out 350 layoffs for Cartire, Earl and Vacheron Constantin three list brands, but because of trade union negotiations, the final layoff plan will mainly target Cartire, and the final number will be reduced from 350 to 100.

There will be 70 reductions in the Cartire brand, and the rest of the 30 job cuts will take place in the count and the Vacheron Constantin.

In addition, analysts from investment bank believe that

The impact of the decline in exports has also led to the disadvantage of the luxury industry.

At the same time, it is very worrying that there is no market in Asia that can compensate for the lack of sales.

Therefore, a sustained slowdown in China's economy may be a drag on the global market's performance in the future.

As a result of many famous brand names, especially during the holiday season of last year, the overall decline of the jewellery Department of the group has dragged down the group's performance. At the same time, the continuous shrinking of the clock industry has led to the decision of the group to make layoffs.