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 Wearing Apparel 14 - Manufacture of wearing apparel
298 jobs Number of planned job losses
Announcement Date
13 November 2006
Employment effect (start)
Foreseen end date
31 August 2007
Description
Well announced on 13 November 2006 that it will close its manufacturing plant of underwear in Vigan, in the south of France. The unit is to be closed down at the end of August 2007, the main reason for the closure being high production costs in France. All 298 employees are expected to lose their jobs.
The company will only keep sales stores in France. Before the end of 2006 the new location of production activities will be announced.
Sources
27 November 2006: Les Echos
27 November 2006: La Tribune
14 November 2006: Le Figaro
28 November 2006: La Tribune
Citation
Eurofound (2006), Well, Closure in France, factsheet number 64445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64445.
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