Ecco

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Žilinský kraj
Location of affected unit(s)
Martin
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
15 - Manufacture of leather and related products of other materials
15 - Manufacture of leather and related products of other materials
271 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2009
Employment effect (start)
1 May 2009
Foreseen end date

Description

Danish footwear company Ecco is to cut 271 out of 800 jobs in its subsidiary Ecco Slovakia based in Martin. The dismissals are due to start on 1 May 2009 and are due to about 20% decline in customer demand. According to the president of local trade unions, collective agreement ensures that dismissed employees, most of which are workers, will receive twice higher redundancy pay than the Labour Code sets as the minimum level.

Sources

  • 31 March 2009: SME
  • 31 March 2009: Hospodárske noviny

Citation

Eurofound (2009), Ecco, Internal restructuring in Slovakia, factsheet number 68746, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68746.