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

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.