Vredestein Fietsbanden Relocates Production To Low-Wage Countries

In order to return to profitability, Vredestein Fietsbanden BV says that it will phase out production of bicycle tyres in Doetinchem, The Netherlands and gradually start up production in countries where the wages are lower. A period of two years has been planned for this and around 125 jobs will be lost in Doetinchem, most of them in the year 2001. The sales and marketing operations will continue to be run from The Netherlands.