Coronavirus: Tiffany tells Staff to get back to Work

By John Jeffay / February 08, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Tiffany & Co has reportedly told its 5,000 US workers they must start working two days a week on site, from 1 March.The French luxury conglomerate LVMH, which completed its acquisition of the New York-based jeweler last month, wants to bring it in line with the hybrid working schedule operated at its other interests."It's critical at this time of change that we adopt a hybrid approach to onsite-remote working," LVMH told staff in a memo, according to the Wall Street Journal. The Business of Fashion website, which also reported the move, cited an internal document, which, it said, read: "As positivity rates start to decrease and given that we are now part of the broader LVMH family, we are uniquely situated to find new ways in which we can work together."LVMH, which bought Tiffany for $15.8bn after prolonged negotiations, reportedly places greatly emphasis on physical presence at the workplace and wants to achieve a speedy integration of staff.

Recent News

Gold stocks propelled by gain in metal and equities

May 13, 2024 / www.canadianminingreport.com

Big Gold producers report strong Q1/24 results

May 13, 2024 / www.canadianminingreport.com

Gold stocks decline as metal drop offsets equity risk on

May 06, 2024 / www.canadianminingreport.com

Canadian mining equity capital raising robust in 2023, early 2024

May 06, 2024 / www.canadianminingreport.com

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok