(Finance) – Italia Independent Groupa group listed on Euronext Growth Milan and active in the field of eyewear and lifestyle products, has communicated to the competent trade unions the start of a collective dismissal procedure for 29 employees. The announcement is part of the activities envisaged by the reorganization plan launched last June 15 and which envisages a significant one intervention by the reference shareholder Lapo Elkann through the disbursement of its own finance, with the aim of mitigating the negative impacts of the dismissal procedure on workers and allowing the payment of salaries.
The company underlines that it had to take note that “there are no more viable and suitable solutions to reconcile the needs of restructuring and redevelopment of the company according to the current business model. “Italia Independent was unable to achieve the results hypothesized in the business plans, also due to the pandemic, market instability and the difficult macroeconomic context.
In the event of a successful consultation with trade unions and in the context of an agreement on the redundant workforce, the company is open to evaluate reasonable measures to facilitate the relocation of employeesis underlined.