Escada

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
14 - Manufacture of wearing apparel
14 - Manufacture of wearing apparel
800 - 850 jobs
Number of planned job losses
Job loss
Announcement Date
26 September 2003
Employment effect (start)
Foreseen end date

Description

Escada intends to reduce its costs by EUR 60 million world-wide implementing a restructuring programme. 20% (850 jobs) of the Group's global workforce is affected by the measure.

Sources

  • 26 September 2003: Financial Times Deutschland

Citation

Eurofound (2003), Escada, Internal restructuring in World, factsheet number 60032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60032.