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
125 jobs Number of planned job losses
Announcement Date
13 December 2004
Employment effect (start)
Foreseen end date
Description
One month after its acquisition by the Austrian Shoe & Shirt, the shoe manufacturer GBB will shed 125 jobs (almost half of its workforce). The restructuring programme is implemented as a consequence of poor financial results, production prices being much higher than in countries where workforce is cheaper. Currently, the shoe industry in the region is going through harsh restructuring measures.
Sources
13 December 2004: Les Echos
Citation
Eurofound (2004), GBB, Merger/Acquisition in France, factsheet number 60924, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60924.
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