Dr Martens will cut up to £25m in costs to counter weak US

British footwear brand does not rule out job losses, while profits fall by 43% to £97m

Dr Martens has not ruled out another round of job cuts after revealing plans to slash up to £25m worth of costs to help counter weak US sales.

The British footwear brand said its latest cost-cutting programme will aim to save £20m to £25m by streamlining its operations and securing better supply contracts. Bosses will also boost “organisational efficiency”, signalling that the company may consider job cuts across its 3,600 global workforce.