Polish footwear sector in crisis
08/11/2001
Several of Poland’s footwear manufacturers have announced job cuts and management changes as the sector undergoes a period of restructuring and consolidation. PPH Eldam, based in Rawa Mazowiecka (central Poland) is to implement a raft of measures to save its business, including a 40% reduction in the workforce, an overhaul of product lines, and legal action to pursue creditors. Marianno, a footwear manufacturer from Zduńska Wola was declared bankrupt at a regional court in Sieradz on 30 October 2001. The move had been forced on the company after it had failed to pay off debts.
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