EMCC European Monitoring Centre on Change

Escada

Company/Organisation:
Escada

Geographic Location

Country: Austria
Region: Innviertel; Oberösterreich; Westösterreich
Location of affected unit(s): Reichersberg

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
14 - Manufacture of wearing apparel
Group: Escada

Employment Effects

Announcement Date: 07-07-2004
Type of Restructuring: Business expansion
Planned Job Creation: 100

Additional Information

In the course of a comprehensive restructuring programme aimed at an overall cost reduction by about 20%, the worldwide luxury fashion company (specialised in sales of exquisite brand-name designer fashion) plans to set up a new logistic centre in Upper Austria. According to the management, the most decisive criterion for choosing the new site has been Austria’s relative flexible working hour regulations in comparison with Germany, where the company’s headquarters are based. By investing about 20 million euros for building up the new logistic centre, between 100 and 120 jobs are planned to be created in fall 2004 onwards.