US: PVH to cut up to 1,000 jobs after Warnaco acquisition
By Petah Marian | 18 March 2013
Apparel maker PVH plans to make between 900 and 1,000 staff redundant following its US$2.9bn acquisition of Warnaco, which was completed last month.
The company plans to close the Warnaco offices in Florence, Italy, as well as those in Duncansville and Huntingdon in Pennsylvania, with further redundancies in its New York City, Milford, Connecticut, Hong Kong and other Far East locations.
The company said it may close more facilities and cut more jobs, both in the US and internationally.
Most of the terminations will take place during the second half of 2013, and the first quarter of 2014.
The US$2.9bn deal reunites the house of Calvin Klein, bringing together all of its apparel categories in one place for a single vision of the brand.
Sectors: Apparel, Manufacturing, Sourcing
Companies: Warnaco, PVH, Calvin Klein
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