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Lego to axe 1400 jobs after first sales decline in a decade

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Danish toy giant Lego is set to axe 1400 jobs as part of a financial overhaul following news its revenues declined for the first time on over 10 years. After a period of steady double digit growth every year for most of the last decade, Lego revealed a revenue drop of five per cent to £1.8 billion in its first half, while operating profits dropped six per cent to £543.4 million.

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Lego to axe 1400 jobs after first sales decline in a decade

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