Italian unions call strike at Kering over lack of clarity on strategy (updated)
07/05/2026 17:44
Adds Kering statement in paragraph 3 MILAN, May 7 (Reuters) - Italy's largest unions have called a strike on May 20 across all companies of French luxury group Kering PRTP.PA, which has offices and a significant share of its production in the country, citing a lack of clarity over the group's strategy. "The move follows management's refusal to discuss a group-wide reorganisation plan known as 'ReconKering', which has never been presented to unions, as well as 54 job cuts announced at Alexander McQueen," the unions said in a statement. Kering, which owns brands such as Gucci, Saint Laurent and Bottega Veneta, confirmed in a statement the redundancies at McQueen, while reiterating its commitment to maintaining a constructive dialogue with trade unions. In a strategic plan unveiled last month, Chief Executive Luca de Meo said he aimed to more than double Kering's profit margins, shrink and improve the company's store network and expand its jewellery sector. (Reporting by Elisa Anzolin, editing by Giulia Segreti and Alvise Armellini) ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))