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
Portugal, Spain
103 jobs Number of planned job losses
Announcement Date
13 November 2006
Employment effect (start)
1 March 2007
Foreseen end date
31 July 2007
Description
The Smalto group announced on 13 November 2006 that Stéphane Kélian, the manufacturer of luxury footwear, will stop its activity between March and July 2007. As a result of the closure 103 employees will lose their job. This measure responds to the decision of the Smalto group to transfer its activity to subcontractors in Portugal and Spain as a result of the amount of financial debts Stéphane Kélian has incurred in.
Sources
14 November 2006: Les Echos
14 November 2006: Le Parisien
14 November 2006: Le Figaro
Citation
Eurofound (2006), Stéphane Kélian, Offshoring/Delocalisation in France, factsheet number 64442, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64442.
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