Swedish fashion retailer Hennes & Mauritz (H&M) has let go of employees from its production team that handles exports in India, people aware of the matter said. Confirming the layoffs, the company, in an emailed response to a media company, said: “As a result of our restructured organization within our India sourcing entity, around 60 of our colleagues will not continue their journey with us.” “We will promote networking methods to handle our operations where all the offices are connected to each other for different operations. Despite the geographical location of teams, digitalization and customer-centric set-ups will enable market growth in the future as well as secure the best offer for our customers,” it said.
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