The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
120 - 130 jobs Number of planned job losses
Announcement Date
12 June 2009
Employment effect (start)
1 September 2009
Foreseen end date
31 December 2009
Description
Giorgio Armani, one of Italy's primary fashion companies, is to cut 120-130 jobs (out of 300 employees) in its plant located at Settimo Torinese, in the province of Turin.
The company has planned to reorganise the productive plant in a plant which creates only clothing prototypes. The trade unions reacted to the company's decision by going out on strike. They worry that the next step could be the closure of the plant.
The Giorgio Armani company designs and manufactures products in several categories including fashion accessories, apparel, cosmetics, fragrances, home interiors, jewellery, eyewear and watches.
Eurofound (2009), Armani, Internal restructuring in Italy, factsheet number 69197, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69197.
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