ECCO closes factory in Portugal and leaves 632 workers unemployed

ECCO, the Danish footwear group, has announced the closure of its factory in Santa Maria da Feira, Portugal, affecting 632 employees. This decision is part of a global restructuring plan due to overcapacity and market adaptation. The factory, operational since 1984, was significant for the local economy and the Portuguese footwear industry. The closure raises concerns about Portugal's role in global production chains, especially as the country has been recognized for its quality and innovation in footwear manufacturing. ECCO's management expressed gratitude towards the workers and committed to supporting them during this transition.