Shoe production in Slovakia, marked by low productivity and wages, is coming to an end

The Bánovce nad Bebravou plant of German shoe firm Gabor reported its first loss last year, €0.6m, following a 20% drop in sales to €69.3m. It cut its workforce by 60 to 960. Gabor has been manufacturing in Slovakia since 1996 and says it has no plans to close the plant.

Shoe production in Slovakia, marked by low productivity and wages, is gradually coming to an end. This year, Danish shoe firm Ecco closed its plant with 600 employees in Martin, Italian company Lowa laid off 200 employees in Handlová, and Honeywell Safety Products ended footwear production in Partizánske.

(forbes.sk)