Type
Internal restructuring
Country
France
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

100 jobs
Number of planned job losses
Job loss
Announcement Date
15 October 2009
Employment effect (start)
16 October 2009
Foreseen end date
15 October 2010

Description

The French fashion group Cacharel has announced to cut 100 out of 150 jobs within the next 12 months. This was announced by the company's CEO and major shareholder on 15 December 2009. Cacharel will put an end to production and focus on doing business with its licenses.

The company that has an annual turnover of €20 million expects losses of about €9 million in 2009.


Sources

  • 17 October 2009: Le Monde

Citation

Eurofound (2009), Cacharel, Internal restructuring in France, factsheet number 70217, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70217.