News

4,000 jobs to go at Calçados Reichert

04/06/2007

The decision to cease footwear manufacturing was said to be due to pressure caused by the low US$ exchange rate and high taxes.

The factory closures will also affect Reefer Calçados, another shoe manufacturer in the group which has already had its workforce reduced by 50% from 1,300 to just over 600 in the past two years.

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