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SAN FRANCISCO — Levi Strauss & Co. will eliminate about 800 jobs, almost 20 percent of its non-retail and non-manufacturing employees, over the next 12 to 18 months.
The privately held company said that its restructuring plan will help it become more competitive, lower costs, and improve its financial health.
Last month, the company said that its fourth-quarter gross profit weakened because it had to increase markdowns due to a slower holiday season and softness in its Levi’s juniors and misses businesses.
Levi Strauss said Wednesday that the cuts will primarily be management positions across the world.