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 Leather And Related Products 15 - Manufacture of leather and related products
280 jobs Number of planned job losses
Announcement Date
31 January 2003
Employment effect (start)
1 February 2003
Foreseen end date
Description
Due to big losses in 2002 (82 million euros), the new CEO of Charles Jourdan, shoe manufacturer, has imposed a restructuring plan involving 233 job cuts. There will be 73 direct dismissals, 75 early retirement and 85 relocations within the group. In October 2003, the company was taken over by Lux Diversity. In February 2004, management announced 47 job cuts.
Sources
20 February 2004: Les Echos
14 October 2003: Les Echos
31 January 2003: Les Echos
Citation
Eurofound (2003), Charles Jourdan, Internal restructuring in France, factsheet number 59136, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59136.
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