Safilo to See Job Cuts Amid Restructuring

MILAN — Extra restructuring is afoot at Italian eyewear producer Safilo.
As a part of the technique set in movement by chief govt officer Angelo Trocchia, the corporate confirmed it has entered a layoff process for some 80 staff at its headquarters positioned in Padova, within the Veneto area. The mobility process is anticipated to shut by Sept. 23.
The workforce rationalization has already impacted the corporate’s crops in Longarone and Santa Maria di Sala final August, when 80 staff have been let go. Safilo Group SpA employs 966 staff throughout the three websites.
As reported, within the first six months of the yr Safilo Group SpA posted a revenue of 8.7 million euros in contrast with a lack of 4.three million euros in the identical interval final yr. The determine is web of the brand new IFRS 16 accounting rule.
Within the six months ended June 30, revenues on the Italian eyewear group rose 6.5 % to 495.9 million euros, in contrast with 465.7 million euros in the identical interval final yr. Trocchia has mentioned Safilo is on monitor with its 2020 plan to return to top-line development.
The corporate designs and manufactures eyewear collections for a variety of labels together with Dior, Fendi, Givenchy, Max Mara, Marc Jacobs, Tommy Hilfiger and

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