Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14 - Manufacture of wearing apparel

300 jobs
Number of planned job losses
Job loss
Announcement Date
26 September 2003
Employment effect (start)
Foreseen end date

Description

Escada intends to reduce its costs by EUR 60 million world-wide implementing a restructuring programme. On the 850 jobs affected world-wide, 300 are dismissed in Germany.


Sources

  • 26 September 2003: Financial Times Deutschland
  • 26 September 2003: Escada Press release

Citation

Eurofound (2003), Escada, Internal restructuring in Germany, factsheet number 59290, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59290.