<ul><li>Burberry plans to cut about 1,700 jobs globally as part of cost-reduction initiative.</li><li>Job cuts represent nearly 20% of Burberry's worldwide workforce and will impact corporate and manufacturing operations.</li><li>Restructuring includes changes at Burberry's Castleford factory in West Yorkshire known for producing iconic trench coats.</li><li>Despite the layoffs, Burberry aims to protect its UK manufacturing base and restore profitability over the next two years.</li></ul>

Burberry plans to cut 1,700 jobs

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