Zenith Plans Job Cuts and Lower Production in Shift Upmarket
LVMH-owned Zenith plans to reduce its model range and production as it restructures following years of financial losses. Up to half of employees at its Le Locle manufacture could lose their jobs as the brand shifts toward the high-end market.
Why it matters: The potential scale of the job cuts suggests a fundamental reset of Zenith’s manufacturing footprint and commercial strategy, rather than a routine adjustment.
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