Picture of Kering SA logo

KER Kering SA News Story

0.000.00%
fr flag iconLast trade - 00:00
Consumer CyclicalsAdventurousLarge CapHigh Flyer

Italian unions reach deal with Kering on McQueen layoffs

RPT-Italian unions reach deal with Kering on McQueen layoffs

Repeats to fix coding

- Italian unions said on Thursday they had reached an agreement with Kering to prevent unilateral layoffs at Alexander McQueen's Italian production sites, easing a dispute over planned job cuts at the British luxury label.

  • Under the agreement, any termination of employment will be voluntary and incentivised, the Filctem Cgil, Femca Cisl and Uiltec Uil trade unions said.


  • Alexander McQueen workers have voted unanimously in favour of the agreement, they added.


  • On May 20, unions called a strike across the French luxury group's Italian operations to protest against what they said was a lack of clarity over Kering's strategy and 54 planned job cuts at Alexander McQueen.


  • Earlier this week, Kering appointed former Prada brand CEO Gianfranco D'Attis as Chief Executive of the struggling brand.


(Reporting by Elisa Anzolin, editing by Alvise Armellini)

((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))

Recent news on Kering SA

See all news