(Filed Under Financial and General Interest News). Lingerie company Lejaby has announced plans to shutter three of its factories in France, which will result in 197 job losses, according to the European Restructuring Monitor (ERM), a division of the European Monitoring Centre on Change. The company will close the facilities located in Borg-en-Bresse, Bellegarde-sur-Valserine and Le Teil.

The company reported that it has experienced poor sales, and is interested in moving a larger share of its manufacturing outside of France. Currently, the company manufactures 30 percent of its products domestically.

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Published 04-09-2010 by Amanda Torres Price