Mammut announces major restructuring
today Sep 28, 2015
The Swiss producer of outdoor equipment, apparel and footwear, Mammut, has been forced to restructure its business due to lower demand, as its main markets lose momentum. The company has also seen its margins shrink due to unfavourable currency exchange rates. As part of the restructuring, the manufacturer is set to sell its production facility of cable ropes, which is highly cost-intensive.
The production plant at the company’s headquarters in Seon, Switzerland will be sold to the Austrian rope manufacturer, Teufelberger on September 1st 2016. This means Teufelberger will take over the whole production facility.
Through a careful training scheme, the family-owned company will ensure that rope production is in accordance with the high-quality standards of Mammut, it said in a press note.
Teufelberger already manufactures climbing and recreational ropes, as well as cable ropes for safety and rescue. The Austria-based company is also planning further investments, which offers Mammut additional potential opportunities in the development and manufacture of new equipment.
The Mammut Sports Group has also decided to simplify its management structure by merging the previously separate areas of wholesale and retail/e-commerce. The sales division will be headed by Stefan Merkt, who will take over as CSO on October 1st.
Additionally, the company plans to cut 24 jobs at its headquarters in Seon, Switzerland.
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