Designers
De Grisogono to cut 41 jobs due to poor jewellery sales
In a statement the company said it plans to cut 31 positions in Switzerland, out of a total of 104, and up to 10 worldwide
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Swiss jewellery and watch brand De Grisogono will be cutting up to 41 jobs after sales of its high-end jewellery failed to meet expectations.
The brand said it had to reduce production capacity to reflect the “challenging conditions in some key markets” and is “scaling back ambitions” to become the world’s leading high-end jewellery and watch brand.
It added that it wanted to focus on more affordable fine jewellery pieces, which have made it a success in the past.
