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 (13 - 15) Manufacture of textiles, apparel and leather 14 - Manufacture of wearing apparel 14 - Manufacture of wearing apparel
300 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/59290.