Type
Internal restructuring
Country
Italy
Region
Nord Est; Emilia-Romagna; Bologna
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14.14 - Manufacture of underwear

410 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2005
Employment effect (start)
Foreseen end date
31 December 2007

Description

La Perla is a leading manufacturer of womenÂ’s underwear and fashion with subsidiaries in Austria, France, Spain, Germany and the United States. In order to reorganise and relaunch the company after a period of decreasing turnover and losses, the management announced a restructuring of both manufacturing and commercial activities which includes an employment reduction of 410 workers by 2007, with a view to reduce costs. According to the plan, the company should be profitable again in 2008, after the completion of the restructuring process. Talks between the company management and the unions on the business plan were started.


Sources

  • 11 October 2005: Il Sole 24 Ore

Citation

Eurofound (2005), La Perla, Internal restructuring in Italy, factsheet number 62737, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62737.