Crisis deepens at sportswear giant Puma
Facing difficult times due to a decline in sales, German sportswear giant Puma has taken its first step by reducing its workforce.
German sportswear brand Puma has announced that it will lay off 13 percent of its global workforce, or approximately 900 people, by the end of 2026 following a decline in global sales.
According to the company's third-quarter data, sales fell by 10.4 percent due to currency effects, dropping to 1.96 billion Euros (approximately 2.29 billion dollars).
Puma management stated that the performance loss was due to weakening demand for products and the negative impact of US import tariffs on the company's operations, adding that they made this decision to ensure financial stability.
News Source: 12punto
Most Read
Historic words from Özgür Özel at the CHP group meeting
Air Force Academy student Veli Bilgin has died
Tuncer Bakırhan calls for a framework law
Here are the names that will be in Özgür Özel's new party!
Major crisis in CHP
AKP mayor held responsible
Kılıçdaroğlu's 'controlled' shopkeeper visit
He killed his wife by slitting her throat: Their children witnessed the moments
Güler leaves questions regarding Özgür Özel unanswered
Resignation activity in CHP following Özgür Özel's new party decision