Seidensticker

Type
Offshoring/Delocalisation
Country
Germany
Region
Nordrhein-Westfalen; Detmold; Bielefeld, Kreisfreie Stadt
Location of affected unit(s)
Bielefeld
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
New offshoring locations
Vietnam
70 jobs
Number of planned job losses
Job loss
Announcement Date
20 March 2015
Employment effect (start)
20 March 2015
Foreseen end date

Description

Seidensticker, a German manufacturer of shirts, is to cut 70 out of 500 jobs in Bielefeld and relocate some production functions to Vietnam.

Seidensticker is to set up a transfer agency for the dismissed employees. With the reorganization, the company intends to increase profitability.

Sources

Citation

Eurofound (2015), Seidensticker, Offshoring/Delocalisation in Germany, factsheet number 79116, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79116.