Type
Internal restructuring
Country
Germany
Region
Bayern;
Location of affected unit(s)
Radolfzell
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14.14 - Manufacture of underwear

100 jobs
Number of planned job losses
Job loss
Announcement Date
10 February 2009
Employment effect (start)
Foreseen end date

Description

Schiesser, a manufacturer of underwear and German affiliate of Swiss Schiesser Group has filed for insolvency and will cut 100 jobs. The company has filed for insolvency as the major shareholder has refused further investments. According to the works council, the company will cut 100 out of 600 jobs at its Bavarian site. No time line is given.         


Sources

  • 10 February 2009: Handelsblatt

Citation

Eurofound (2009), Schiesser, Internal restructuring in Germany, factsheet number 68122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68122.