ECCO has laid off 1159 production employees at factories in Slovakia and China, according to a report by the Copenhagen Post. Michael Ohrt Fernel, head of communications at ECCO, said in the report that the job cuts were due to the “general financial downturn and falling shoe sales.” ECCO employs almost 15,000 workers worldwide.

Recently, ECCO reported overall net revenues for 2008 increased 3.0% for the year to DKK 5.37 billion ($1.06 billion) from DKK 5.22 billion ($960.3 million) in the year before. The most recent outlook provided from the company, however, has been bleak.