Breitling cuts over 50 jobs amid luxury slump and rising costs

9 articles · Updated · Bloomberg · May 11

The Swiss watchmaker has eliminated roles this year across its headquarters and global subsidiaries, including in HR, marketing and sustainability.
The cuts come as Chief Executive Georges Kern seeks to revive the business after weaker luxury demand, higher costs and Swiss franc strength hurt results.
Breitling, known for its Navitimer watches, is owned by private equity firms Partners Group and CVC Capital Partners.

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