Wednesday, 4 March 2020

Pandora cuts 180 jobs as part of major reshuffle

Danish jewelry maker Pandora will remove 180 jobs from its three regional offices as part of a strategic reorganization to ensure faster operations.

The plan includes reorganizing the international structure into 10 clusters, with two clusters in the Americas, three in the Asia Pacific and five in Europe, the Middle East and Africa.

Each cluster will be headed by a general manager, which means three top regional executives will lose their titles: Kenneth Madsen, current president of Pandora Asia Pacific, will leave the company, while Sid Keswani, currently president of Pandora Americas, will become president of the North America cluster. Finally, David Allen, currently president of the EMEA region, will stay with Pandora to support the implementation of Programme Now, although the brand did not disclose in which capacity.

The new organization will take effect from 2 April, and all general managers will report to a newly established chief commercial officer, who will be announced in the second quarter.

In addition to overseeing the clusters, the CCO will be in charge of a retail excellence function to improve the company’s global retail skills including global merchandising, store development, planning and execution.

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