EMCC European Monitoring Centre on Change

Vlisco

Company/Organisation:
Vlisco

Geographic Location

Country: World
Location of affected unit(s): The Netherlands, Ghana, Côte d’Ivoire

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
14.1 - Manufacture of wearing apparel, except fur apparel
Number Employed: 2700

Employment Effects

Announcement Date: 30-10-2015
Planned Job Reductions min: 320
Type of Restructuring: Internal restructuring
Employment Effect Start: 30-10-2015
Direct Dismissals: 320

Additional Information

Dutch textile firm Vlisco is to shed 320 of its 2700 strong workforce, of which 200 jobs are based in the Netherlands and the remaining 120 in Ghana and the Ivory Coast. Vlisco's market is largely fashion for African women, and their African markets have been adversely affected by falling oil prices which caused faltering in the economies of African states. This is particularly relevant to West Africa, where Vlisco have a presence in the local clothing scene. This move was expected, as Vlisco had brought in David Suddens, who oversaw a similar situation at Dr Martins, as CEO, to enact some form of cost saving measure. Much of the job losses are at mid-management level, with the intention of creating a "flatter" organisational structure going forward.