Luxury outerwear brand Canada Goose is cutting 125 staff members as a result of the coronavirus, roughly 2% of its global workforce.
The Canadian brand said it will continue to support the laid-off employees with compensation packages and extended benefits, and allow them to keep their work computers and phones.
It comes just months after the company suspended its long-term outlook for the year.
A company statement said: “Over the past several months we have taken steps to address the impact of Covid-19 on our business. Today [March 20], we had to make the difficult, but responsible, decision to permanently lay off just over 2% of our global workforce.
”This workforce reduction is not a diminishment of the colleagues we had to say goodbye to – we value their contributions and they will always be a part of the Canada Goose story. We are committed to supporting them with fair compensation packages, extended benefits for employees and their families, continued access to our Employment Assistance Program, job search tools, a personal reference letter from Dani Reiss, and the option to keep their corporate phones and computers. We continue to believe in the power of our brand, and a brighter future for the world.”
Canada Goose closed all of its retail stores in North America and Europe on 17 March as a result of the coronavirus outbreak.