Aeffe, Bally, Geox: falling financial statements, payroll subsidies and redundancies

Crisis, payroll subsidies and redundancy funds. Three cases exemplify, in all its harshness, the complexity of the current economic situation, amidst quarterly reports in the red, falling sales and standstill production. First: 500 employees of the Aeffe group are laid off. Second: 65 redundancies at Bally confirmed. Third: Geox downsizes by closing shops and direct…