Sinn Leffers

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing
1,000 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/67208.