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 Textiles 13 - Manufacture of textiles
850 jobs Number of planned job losses
Announcement Date
15 November 2005
Employment effect (start)
30 January 2006
Foreseen end date
Description
An attempt to secure a contract to produce jeans for Levi's failed. The textile company Denims Service had first considered retaining 150 workers rather than close down its operations. However the last option was finally chosen. Spokesperson for the compayy said that the closure was due to a loss of market share and high labour cost. The manufacturing sector has been shrinking. The dismissal of these 850 workers (0.6% of the labour force in Malta) will make the manufacturing sector leaner.
Sources
16 November 2005: Malta independent
16 November 2005: The Times (Malta)
Citation
Eurofound (2005), Demin Services, Closure in Malta, factsheet number 62540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62540.
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