HEERENVEEN, Netherlands (BRAIN) Accell Group plans to combine its two manufacturing facilities here and move a portion of production to other European sites, leading to a workforce reduction of 100 to 150 jobs.
At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.- Discounts, bankruptcies -
Buoyed by cycling's fast-paced growth during the pandemic and wanting to get ahead of any future supply chain snarls, many industry players increased their orders during the boom.
WALDSASSEN, Germany (BRAIN) Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.The company blamed the factory closure on a challenging market. The factory employed 120 workers. Where the bikes will be manufactured was not announced."This will allow the business to better