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
150 jobs Number of planned job losses
Announcement Date
17 October 2014
Employment effect (start)
1 July 2015
Foreseen end date
Description
On 17 October 2014, Holy Fashion Group announced to cease business operations at its Bielefeld location as of mid-2015. The closure will affect 150 employees in administration, logistics and development of the brands Joop! and Windsor. In the future, activities shall be brought together under one roof at the headquarters in Kreuzlingen (Switzerland). Management and works council are to negotiate a social plan over the following months.
According to the CEO, it is no longer sustainable to split the company's activities in two locations. An outlet store with 50 employees will however remain in Bielefeld.
Holy Fashion Group is a Swiss clothing producer who supplies fashion of the brands Joop!, Windsor and Strellson. The company employs around 800 people in total.
Sources
21 October 2014: Westfalen Blatt Online
17 October 2014: Holy Fashion Group press release
20 October 2014: fashionunited.de
Citation
Eurofound (2014), Holy Fashion Group, Closure in Germany, factsheet number 77732, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77732.
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