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
New offshoring locations
Slovakia, Indonesia, Thailand
109 jobs Number of planned job losses
Announcement Date
7 January 2006
Employment effect (start)
7 January 2006
Foreseen end date
1 April 2006
Description
The textile company Ecco'Let, producing footwear, announced its relocation. The measure will affect 109 workers, whose contracts will be terminated by mutual agreement. The company justified the measure by severe economic difficulties and a lack of work related to the strong competition in the market. Ecco'Let management offers 1.25 month wages per year of service. The company decided the delocalisation of part of the production to Slovakia, Indonesia and Thailand to meet cheaper labour force. EccoLet currently employs 369 people.
Sources
7 January 2006: Jornal de Notícias
Citation
Eurofound (2006), Ecco'Let, Offshoring/Delocalisation in Portugal, factsheet number 62923, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62923.
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