Burton is cutting costs.
However, now those costs cuts include people’s salaries and livelihoods reports yobeat.com. The company based out of Burlington Vermont recently announced that they will be cutting their global workforce by 4% following lackluster sales that are likely the result of a below average season on the east coast.
According to the report, Burton president John Lacy alerted employees to the downsizing via email on March 16th. In the email Lacy cited, “unfavorable weather, global economic instability and a challenged retail landscape” as salient reasons for downsizing the workforce.
Meanwhile, speculators have also indicated that Burton’s partnership with the now bankrupt Sports Authority is another reason for the job cuts.
Although who and where cuts remain undisclosed, Lacy said, “friends and colleagues were affected in every area of our business, and in multiple regions, and it isn’t easy to say goodbye.”
Our best wishes go out to Burton as they try to right the ship and create growth before the 2016/2017 season.
Find the entire YoBeat.com article here: BURTON REDUCES GLOBAL WORKFORCE BY 4%