For those who reckoned a company like
Bang & Olufsen was safe from any
economic turmoil, um, reckon again. As people from all walks of life decide to spend less extravagantly during these curious, curious times, it seems that B&O has been affected quite dramatically. As you well know, said company makes its ends by offering up stupendously pricey gizmos, but starting now, you'll find it only offering "core products" such as
televisions and
sound systems. Unfortunately for those with cash to blow, that means you'll be scouring the secondhand market for B&O
cellphones, DVD players and recorders. In addition, the company is planning to axe 300 jobs to save around $27.5 million, but it is looking to open more shops in "growth markets" such as Russia and China.
[Via
iDNES]
Read - Product cuts
Read - Job cuts
