The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.96 - Manufacture of other technical and industrial textiles
350 jobs Number of planned job losses
Announcement Date
16 July 2020
Employment effect (start)
26 July 2020
Foreseen end date
30 September 2020
Description
Boxmark Leather, a supplier of leather products for the automobile industry, will lay off 350 workers by the end of September 2020. At the beginning of this year, the company announced a restructuring programme affecting 900 employees, however, only 288 dismissals were considered at that point (company announcement from March 2020). A new announcement is adding 350 additional redundancies. The management told the trade union that corona crisis and a drop in orders in the automotive and aviation industry (40% and 80% decrease in respective industries) led to a reduction of production.
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