July 18, 2014 / 6:41 PM / 3 years ago

Sotheby's to cut jobs

July 18 (Reuters) - Sotheby's said it would cut an unspecified number of jobs as part of a restructuring plan, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board.

The plan, mainly impacting the auction house's U.S. and UK operations, will result in employee-related restructuring charges of about $13 million to be recognized in the third quarter, the company said.

Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Savio D'Souza

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below