Restructuring events
European Restructuring Monitor (ERM)
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.
The American clothing company Levi Strauss has announced that it will cut between 2,000 and 3,000 jobs globally.
So far, the company revealed the restructuring programme affecting employees in Poland and Belgium. In Belgium, Levi Strauss will cut 42 positions at its European headquarters in Machelen, while in Poland, the company will close its plant in Płock and cut about 650 jobs. The closure means that Levi Strauss will end its production activities in Europe.
In January 2024, the company announced a cost-saving programme, aiming to save $100 million by 2024. The programme is to affect between 10 and 15 percent (2,000-3,000 positions) of the company's global workforce.
The recent restructuring event in Poland has been recorded in the ERM events database Levi Strauss & Co.-2024-PL. Levi Strauss employs about 20,000 staff globally.
Eurofound (2024), Levi Strauss, Internal restructuring in World, factsheet number 201136, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201136.
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