Subject:
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Re: Lego Lays Off 160, Citing Slow Sales
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Newsgroups:
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lugnet.mediawatch
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Date:
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Wed, 5 Feb 2003 03:06:19 GMT
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Viewed:
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1221 times
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In lugnet.mediawatch, John Radtke writes:
> Lego Lays Off 160 Workers, Citing Slow Christmas Sales in U.S., Germany
>
> The Associated Press
>
> COPENHAGEN, Denmark Feb. 3 —
> Danish toy maker Lego said Monday it cut its work force in Denmark by 161
> because of a slowdown in retail sales during the Christmas holiday in
> Germany and the United States, two of its major markets.
>
> The slow sales resulted in an oversupply of stock still in its warehouses,
> the company said.
I wonder how much of that overstock is Galidor?
> "With consumer optimism flagging, especially in the United States, we have
> no option but to trim production to current warehouse stock levels," said
> Poul Plougmann, Lego's chief operating officer.
> Famed for its interlocking plastic building blocks, Lego has expanded in
> recent years with electronic activities.
Time to get back to basics?
I hope so.
Allan B.
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 | | Lego Lays Off 160, Citing Slow Sales
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| Lego Lays Off 160 Workers, Citing Slow Christmas Sales in U.S., Germany The Associated Press COPENHAGEN, Denmark Feb. 3 — Danish toy maker Lego said Monday it cut its work force in Denmark by 161 because of a slowdown in retail sales during the (...) (22 years ago, 3-Feb-03, to lugnet.mediawatch)
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