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Lego to cut 1,400 staff as decade-long sales boom ends

Lego to cut 1,400 staff as decade-long sales boom ends

7 years ago
ian $2uNi_lNU2n

http://www.reuters.com/article/us-lego-results/lego-to-cut-1400-staff-as-decade-long-sales-boom-ends-idUSKCN1BG0WK

Lego said it would lay off 8 percent of its staff and revamp its business after reporting its first fall in sales in more than a decade on Tuesday.

The Danish toymaker announced a 5-percent decline in mid-year revenue a month after abruptly removing its chief executive, suggesting it is facing its biggest test since flirting with bankruptcy in the early 2000s.