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LVMH has made a key leadership change at its China unit, as the world's largest luxury group adjusts its structure in a softer market.
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"It can be a couple of months but it can also be a couple of years," he said. "If the jobs are really lost due to outsourcing or AI, then unless we find in a couple of years actually we still need those people and replacing them didn't work, then those jobs are gone."