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Layoffs

Canyon plans to cut up to 320 jobs in Koblenz and Amsterdam

Location
Koblenz, Amsterdam · 🇩🇪 Germany / Netherlands
Company
Canyon
Sector
Retail
Affected staff
320

Canyon plans mass layoffs of up to 320 jobs out of a total of 1,600 (20%). Affected sites: Koblenz and Amsterdam. Reason: difficult market conditions in the bicycle industry, the need to cut costs. Resistance is already stirring.

Source: bike-magazin.de ↗ · Archived copy ↗

Evidence: one source · How well sourced is Eurotrack?

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