EMCC European Monitoring Centre on Change

Charles Jourdan

Company/Organisation:
Charles Jourdan

Geographic Location

Country: France
Region: Drôme; Rhône-Alpes; Centre-Est
Location of affected unit(s): Romans

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
15 - Manufacture of leather and related products
Number Employed: 572
Group: Lux Diversity

Employment Effects

Announcement Date: 31-01-2003
Planned Job Reductions min: 280
Planned Job Reductions max: 280
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2003
Direct Dismissals: 73

Additional Information

Due to big losses in 2002 (82 million euros), the new CEO of Charles Jourdan, shoe manufacturer, has imposed a restructuring plan involving 233 job cuts. There will be 73 direct dismissals, 75 early retirement and 85 relocations within the group. In October 2003, the company was taken over by Lux Diversity. In February 2004, management announced 47 job cuts.