Annual Report 2001 - HUGO BOSS AG

66 | The Year 2001
Further Education and Training Programs at HUGO BOSS AG
– Apprenticeships in the professions of industrial merchant (Germany and EU),
IT merchant, and fashion seamstress/tailor
–Vocational Academy for Industry and Business IT
– Internships, thesis-related projects, workshops for college students
–Trainee programs
Renewed personnel increase projected for 2002
The expansion of the workforce will slow in 2002. Expanded production in Turkey and
accelerated retail activities will generate further jobs. Moreover, the Swiss subsidiary
HUGO BOSS Industries is currently recruiting a team to manage the Group’s bodywear
activities from 2003 onwards. To date, this role has been assigned to licensing partners.
In Germany, additional resources will also be allocated to the key divisions of logistics,
trade marketing and creation.
Changes to organizational structure
The rapid expansion of the Group is being accompanied by restructuring measures.
Some years ago, HUGO BOSS could have been aptly described as a central German
base with a few modestly-sized foreign sales subsidiaries. In the past three years,
however, three further companies have emerged as cornerstones of – and key locations
for – the Group’s operations. These are HUGO BOSS Industries (Switzerland), the
Group’s second logistics center which also manages a growing range of products from
the Group’s core operations; the production facility at Izmir in Turkey; and HUGO BOSS
USA with its fast-growing retail operations. These four companies – including
HUGO BOSS AG – employ a full 87% of the Group’s human resources.
Where the Group’s human resource policies are concerned, it is strategically vital that
consistent basic principles are successfully harmonized with the specific national
requirements of these key locations. A further priority for the local human resource
departments (some of which are still being established) will be to successfully coordinate
personnel development activities and to promote interactive communication between
the various national companies that extends beyond the purely functional.
Appreciation and thanks
Highly-motivated and skilled employees are the key engine behind HUGO BOSS’ success.
As a mark of gratitude for their achievements, the Management Board presented
a valuable BOSS watch to each one of them last year.
The Year 2001 | 67
In 2001 HUGO BOSS once again posted record figures for sales and net income. The
Management Board wishes to extend its sincere thanks to the entire workforce for this
impressive overall performance.