It is said that 2015 is the winter of luxury industry.

But now in 2016, it is clear that the "cold winter" of luxury goods industry is still showing signs of extending.

As the second largest luxury group in the world, the group has had to start cutting jobs in a big way.

For many brands of watches and clocks, such as Cartire, Jaeger Le Coulter, Wanguo, Earl and so on, due to the global economic weakness, China's economic slowdown and

The rise of the smart wearable industry indicates that it is inevitable for the peak group to lay off workers.

The group will adjust the production capacity of some watch brands, according to an internal memorandum cited by Swiss media.

As the direct "forgotten" object of this memorandum,

It will lay off 350 people, most of whom are watch brand producers.

In fact, in September 2014, Cartire, one of the pillar brands, began shortening the time of the watchmaker's work because of the weak market.

But this is not a big deal.

In mid January, the group published its holiday season earnings report, in addition to the downturn in the clock market as before.

It also began to join the accelerated recession, even worse than the watch department. Sales of high-end jewellery brands such as Cartire and Van Cleef & Arpels fell by 5% in the three quarter, while the clock and watch Department dropped by 4%.

In terms of the layoffs, Li Feng said that staff coordination between Group brands would be avoided in order to avoid the confirmation of more layoffs.

But anyway, the trend of the Rui meter industry has already become a reality, and the cold trade of the luxury goods industry is even worse. How to find a way out is not only what the group needs to face, but also the future planning of other luxury groups.