Business
Ecco Vietnam Factory Closure Leaves Over 1,600 Jobless Amid Global Restructuring
Danish shoe manufacturer Ecco has ceased all production at its factory in Binh Duong province, Vietnam, effective November 2, impacting over 1,600 employees. The closure is part of a global restructuring due to prolonged market demand decline and excess production capacity, with a factory in Portugal also affected.
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- Ho Chi Minh City's ECCO Factory Closes, Affecting Over 1,600 Workers
Danish footwear maker ECCO has ceased production at its Ho Chi Minh City factory on November 2, impacting the employment of over 1,600 workers. The company cited declining market demand and a global production network restructuring as reasons for the closure.