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NOYON: personnel reduction authorized

A LABOUR tribunal in France allowed lace maker Noyon to reduce by 55 the number of its 237 employees. The personnel reduction is prompted by weak demand for laces by lingerie manufacturers while demand by outerwear producers remain stable. In 2015, Noyon sales slumped to EUR 15.5m from EUR 18.3m in 2014 and a further reduction of 10 per cent is expected in 2016.



Sluggish demand for Leavers lace is affecting all producers of the more costly speciality and not only Noyon.

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