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		</div><p>Lego is slashing 1,400 jobs as part of a company-wide overhaul meant to counter falling sales.</p>
<p>The move will effectively cut 8% of the Danish toymaker&#8217;s 18,200-strong workforce, the majority of whom will be let go by the end of the year. The company said it was part of a &#8220;reset&#8221; for the group, which has become &#8220;increasingly complex&#8221; over the past five years, making it harder for Lego to grow.</p>
<p>Lego Group chairman Jorgen Vig Knudstorp said: &#8220;We are very sorry to make changes which may interfere with the lives of many of our colleagues. &#8220;Our colleagues put so much passion into their work every day and we are deeply grateful for that. Unfortunately, it is essential for us to make these tough decisions.&#8221;</p>
<p>Affected staff will be offered redundancy packages and support as they move into new jobs outside Lego, the company said.</p>
<p>The toymaker made the announcement alongside its half-year results, which revealed a 5% drop in revenue to 14.9 billion Danish krone (€2bn). It came as a double-digit sales jump in growing markets like China failed to compensate for declining sales in established markets including the US and Europe.</p>
<p>Pre-tax profit dropped nearly 3% to 4.4 billion Danish krone (€591m). Mr Vig Knudstorp said the group was taking action. &#8220;We are disappointed by the decline in revenue in our established markets, and we have taken steps to address this.</p>
<p>&#8220;We are working closely with our partners and we are confident that we have the long-term potential of reaching more children in our well-established markets in Europe and the United States. &#8220;We also see strong growth opportunities in growing markets such as China.&#8221;</p>
<p>Lego said some of its best-performing toys for the period included Lego City, Lego Friends and Lego Technic, as well as products linked to the hit Lego Batman film.</p>
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