International News
Swarovski to cut 400 jobs at Austria HQ
Swarovski is to cut around 400 jobs at its headquarters in Austria and to reduce pay and working hours there for the remaining 2,100 staff.The family-run company, founded in 1895, blamed weaker sales to other companies rather than direct sales to individual consumers.
Layoffs will start in January 2026, the company said. It will also reduce staff numbers through voluntary departures, and retirements. In addition, Swarovski, best known for its crystal products, will reduce pay and hours for HQ staff by 10 per cent and eliminate the night shift.
Swarovski has axed over 5,000 jobs since 2007, reflecting ongoing efforts to slim down the workforce amid market pressures.The company, which has 2,300 outlets globally, returned to profit in 2024 after five years, and reported full-year revenue of EUR 1.9bn (USD 2.0bn).
International News
Kerala Jewellers Account For Approximately 20% Of The Total Gold Trade In UAE:K. Surendran
State President of KGSMA Highlighted The Strong Presence and Growing Economic Impact Of Kerala’s Retail Gold Sector In The Region.
Kerala jewellers account for approximately 20% of the total gold trade in the United Arab Emirates, according to K. Surendran, State President of the Kerala Gold and Silver Merchants Association (KGSMA).
Speaking at the General Body Meeting of the Dubai Kerala Jewellery Association held at the Novotel Hotel in the Dubai Gold District, Surendran highlighted the strong presence and growing economic impact of Kerala’s retail gold sector in the region.
The meeting was presided over by Association President Muneer Thangals, with KGSMA State General Secretary Adv. S. Abdul Nazar delivering the keynote address.
Key discussions during the session focused on:
Business Opportunities: Capitalizing on emerging trends within the UAE gold and jewellery retail landscape.
Industry Challenges: Addressing operational and trade issues faced by Kerala-origin jewellers in Dubai.
Member Welfare: Strengthening support networks and welfare initiatives for trade community members.
The event featured addresses from prominent industry leaders, including Dubai Kerala Jewellers Association General Secretary Mujeeb Rahman Tajvi, Treasurer Shuhaib Zia, KGSMA State Vice President Faisal Amin, Legal Advisor Adv. Abraham P. John, alongside Shameer A.G.D., C.K. Nasi, and Rafeeq Maharaja.
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