Fashion company Hugo Boss has given its German staff a guarantee of continued employment until at least 2015, according to local media reports.

Handelsblatt said that the Germany company’s management had agreed the deal with the company’s works council, which also guarantees the business’s current site locations.

Hugo Boss employs some 9,600 staff around the world, including about 2,500 in Germany, and is aiming to increase its turnover by 60% over the next five years.