Lego set to axe 1,400 work­ers

India Business Journal - - GLOBAL WRAP-UP -

Lego will be cut­ting 1,400 jobs be­fore the end of the year in a bid to scale back the 85year-old busi­ness after suf­fer­ing its first drop in sales in more than a decade. The Dan­ish toy­maker has said it has been was hit by weaker de­mand in es­tab­lished mar­kets and ad­mit­ted that the or­gan­i­sa­tion had be­come too com­plex over the past five years to sup­port global growth. Lego has said that the jobs to be axed rep­re­sent about 8 per cent of its 18,200 global work­force.

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