FES Retail begins mass layoffs amid sharp decline in sales
FES Retail, one of Russia’s largest clothing and accessories chains, has begun mass layoffs amid a sharp decline in sales.
According to employees’ representatives, the management decided to lay off more than 100 people from different regions owing to a failure to meet the sales target.
For the full story, see the June 2025 edition of Textiles Eastern Europe.
Photo: FES Retail