MILAN — Additional restructuring is afoot at Italian eyewear manufacturer Safilo.
As part of the strategy set in motion by chief executive officer Angelo Trocchia, the company confirmed it has entered a layoff procedure for some 80 employees at its headquarters located in Padova, in the Veneto region. The mobility procedure is expected to close by Sept. 23.
The workforce rationalization has already impacted the company’s plants in Longarone and Santa Maria di Sala last August, when 80 workers were let go. Safilo Group SpA employs 966 workers across the three sites.
As reported, in the first six months of the year Safilo Group SpA posted a profit of 8.7 million euros compared with a loss of 4.3 million euros in the same period last year. The figure is net of the new IFRS 16 accounting rule.
In the six months ended June 30, revenues at the Italian eyewear group rose 6.5 percent to 495.9 million euros, compared with 465.7 million euros in the same period last year. Trocchia has said Safilo is on track with its 2020 plan to return to top-line growth.
The company designs and manufactures eyewear collections for a range of labels including Dior, Fendi, Givenchy, Max Mara, Marc Jacobs, Tommy Hilfiger and
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