News📰: Pandora AS Cuts 180 Jobs, Part of Strategic Reorganization

180 employees will leave Pandora as part of its Programme Now turnaround plan.

  • Changes to cost ~DKK200 mln, primarily severance paymentstotal restructuring costs in 2020 are now expected to be c. DKK 1.3 bn (up from 1.1)
  • net cost reductions will be immaterial, since higher costs expected from further strengthening of global organization
  • Reorganization will result in Pandora closing its three regional organizations and that company will group its 100 markets into 10 clusters
  • Each cluster will report to a newly established chief commercial officer position

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