Restructuring events
European Restructuring Monitor (ERM)
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.
Burberry has initiated collective dismissal procedures affecting 39 employees out of 330 total staff at its Italian operations. The British luxury fashion house's Italian restructuring follows its global announcement of 20% workforce reductions affecting several hundred workers worldwide.Burberry 2025 - World
The collective dismissal procedure, the second since 2022, was recently opened with the company citing internal reorganization needs to improve efficiency margins and counter the luxury sector crisis slowing sales across fashion retail.Burberry 2022 - IT
The government introduced a €250 million tax credit targeting fashion products 'Made in Italy'.
Trade unions Filcams, Fisascat, and Uiltucs criticized the approach, stating sector difficulties cannot excuse solely reducing headcount. They argued Burberry's dismissals result from incorrect business choices, excessive investments, and economic results below expectations.
The unions have declared a state of agitation while requesting the company explore alternative solutions including social safety nets, clear sustainability plans for retail outlets and headquarters activities, voluntary part-time arrangements, and economic support for employees accepting voluntary departure.
Eurofound (2025), Burberry, Internal restructuring in Italy, factsheet number 203245, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203245.