Luxury fashion label Jil Sander AG is cutting 130 jobs in Hamburg, Germany, in a shift of operations to Italy, writes financial newspaper Boersen-Zeitung. Jil Sander is said to be closing down its last German manufacturing base and is thought to be in discussions with the labour unions to establish a redundancy scheme for employees. With this restructuring plan Jil Sander - which was bought by Italian fashion house Prada in 1999/2000 - hopes the business will return to profit.

www.jilsander.com