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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
1,000 jobs Number of planned job losses
Announcement Date
6 October 2008
Employment effect (start)
7 October 2008
Foreseen end date
28 February 2009
Description
On 6 October 2008, the clothing retail company Sinn Leffers which belongs to Deutsche Industrie Holding (DHI) announced that it is to close 24 out of 47 outlets by the end of February 2009 with the loss of 1,000 jobs (out of 2,360 jobs). The measure includes cuts in administration and are according to the company a reaction to an immediate danger of insolvency. As of October 2008, there are no further details on dismissals or other measures.
Sources
7 October 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Sinn Leffers, Internal restructuring in European Union, factsheet number 67208, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67208.
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