How Many Lego Employees Will Lose Their Jobs?
What's happening at Lego as the toy company announces
After years of surging sales, the company that makes Lego is laying off employees.
1,400 workers are set to lose their jobs. That's about 8% of Lego's workforce.
The company is facing complaints from retailers like Toys R Us (KKR) - Get Report following lower than expected demand for products from "The Lego Batman Movie."
Lego is seeing its biggest downturn after a decade of growth.
The company is privately held by the family of Danish billionaire Kirk Kristiansen.
Much of Lego's turnaround is being credited to Chairman Jorgen Vig Knudstorp.
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