Sat. Mar 2nd, 2024

Abolition of around thirty positions at Louis Garneau Sports

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The Louis Garneau Sports company is reorganizing its activities and at the same time announcing the elimination of around thirty positions.

The Quebec company which specialized in cycling, triathlon and winter sports will focus on the promising clothing niche and sports accessories to mark the next phases of its history.

She announced it in a press release Tuesday afternoon.< /p>

The sportswear market offers great prospects, at a time when the practice of sport has never aroused such great enthusiasm. To stand out, we will focus on our strengths. Today, we are witnessing a renewal of the company and we see the future with optimism and confidence, said the company's president and CEO, Jean-Marc Jahoo.

In March 2020, Louis Garneau Sports announced the layoff of 66 employees, a few months after eliminating 46 positions at the Saint-Augustin-de-Desmaures factory.

The company avoided bankruptcy at the end of 2020, when a new investor arrived as a financial partner.

In recent months, the company has continued its consolidation and redeployment efforts. The new management has carried out a rigorous analysis exercise of its product portfolio and will capitalize more than ever on its strengths and its distinctive elements, we can read in the press release.

Louis Garneau Sports has chosen to reduce its product range according to market needs.

Ultimately, the new business model will require fewer employees, which will result in the elimination of around thirty positions.< /p>

According to a source close to the company, these are office positions all located in Saint-Augustin-de-Desmaures.

Moreover, Louis Garneau, founder of the company and now minority shareholder, approves and supports the Champlain group in its reorganization plan, still according to the press release.

By admin

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