Brief: Natuzzi says plan calls for reorganization of Italian operations involving 1,726 employees for whom it will implement layoff program

Natuzzi SpA

01/07/2013 12:45

July 1 (Reuters) - Natuzzi SpA  NTZ.N : * Presented to Italian national and local unions in Rome its business plan for reorganization of the group's operations in Italy * Plan calls for reorganization of Italian operations that will involve 1,726 employees for whom co will implement layoff program * Says will carry out the reorganization attempting to retain the jobs of 2,789 workers * In recent years, the upholstered furniture industry has been heavily impacted by the effects of globalization * Says plan seeks to return the company to profitability * Source text for Eikon  ID:nBw1gV8zBa  * Further company coverage  NTZ.N   ((Bangalore Newsroom; +1 646 223 8780))