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Layoffs as Chanel trims its cloth after market for luxury goods goes bad

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Uploaded by on Dec 31, 2008

CHANEL, one of the grandest fashion names, is to lay off 200 temporary and fixed-term contract jobs in an unmistakable sign that even the world's top luxury brands are feeling the pinch in the globa..

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  • Someone can't do basic maths. 200 jobs of a 16000 worldwide work force is not 10%, it's just over 1%.

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