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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.4 - Wholesale Of Household Goods
No information on job gains number available
Announcement Date
25 September 2020
Employment effect (start)
25 September 2020
Foreseen end date
Description
Ecco, a Danish footwear manufacturer, in 2020, decided to relocate shoe production in Denmark after offshoring its operations abroad 20 years before. Ecco has production at its own factories in China, Portugal, Slovakia, Indonesia, Thailand and Vietnam. In 2020, the company declared the aim to establish a fully automated test factory named Factory 2025 in Southern Jutland. Ecco's decision to open a factory in Denmark is primarily driven by the desire to enhance production flexibility. The project aims to enable the manufacturing of a greater variety of shoe models and colors simultaneously, without compromising efficiency. The objective is to be closer to the market, responding more rapidly and effectively to consumer demands. In the second half of 2020, Ecco also commissioned a new production facility in Vietnam.
Eurofound (2020), Ecco, Reshoring in Denmark, factsheet number 260, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/260.
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