Toymaker Lego to cut 1,400 jobs after revenue declines
Danish toymaker Lego announced plans to cut around 1,400 jobs, majority of them by the end of 2017, as it reported a 5% fall in mid-year revenue. "We are disappointed by the decline in revenue in our established markets, and we have taken steps to address this," said Chairman Jørgen Vig Knudstorp. Notably, the company currently employs around 18,200 people.