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
271 jobs Number of planned job losses
Announcement Date
31 March 2009
Employment effect (start)
1 May 2009
Foreseen end date
Description
Danish footwear company Ecco is to cut 271 out of 800 jobs in its subsidiary Ecco Slovakia based in Martin. The dismissals are due to start on 1 May 2009 and are due to about 20% decline in customer demand. According to the president of local trade unions, collective agreement ensures that dismissed employees, most of which are workers, will receive twice higher redundancy pay than the Labour Code sets as the minimum level.
Sources
31 March 2009: SME
31 March 2009: Hospodárske noviny
Citation
Eurofound (2009), Ecco, Internal restructuring in Slovakia, factsheet number 68746, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68746.
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