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 Leather And Related Products 15 - Manufacture of leather and related products
430 jobs Number of planned job losses
Announcement Date
10 January 2003
Employment effect (start)
1 January 2003
Foreseen end date
Description
Salamander has developed to become a dynamic player in the service and shoe sectors, offering a large number of strong, well-known brands. As well as being active in the high turnover and yield-generating service sector (60 % of the companys turnover), Salamander continues to be involved in the more traditional sectors of shoe production (15 %) and international shoe retail (18 %). Salamanders industrial (8 %) and property businesses round off the companys portfolio. The company employs 3,500 in the shoe sector. The present restructuring is cutting 430 jobs in the sites of Kornwestheim, Vinningenand Schrozberg. The site of Bonyhad (HU) had previously been closed, causing the loss of 900.
Sources
10 January 2003: Financial Times Deutschland
Citation
Eurofound (2003), Salamander, Internal restructuring in Germany, factsheet number 60223, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60223.
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