Charles Jourdan

Type
Internal restructuring
Country
France
Region
Auvergne-Rhône-Alpes; Rhône-Alpes; Drôme
Location of affected unit(s)
Romans
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
280 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2003
Employment effect (start)
1 February 2003
Foreseen end date

Description

Due to big losses in 2002 (82 million euros), the new CEO of Charles Jourdan, shoe manufacturer, has imposed a restructuring plan involving 233 job cuts. There will be 73 direct dismissals, 75 early retirement and 85 relocations within the group. In October 2003, the company was taken over by Lux Diversity. In February 2004, management announced 47 job cuts.

Sources

  • 20 February 2004: Les Echos
  • 14 October 2003: Les Echos
  • 31 January 2003: Les Echos

Citation

Eurofound (2003), Charles Jourdan, Internal restructuring in France, factsheet number 59136, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59136.