News

Natuzzi cites market pressure for cutting 1,700 staff

03/07/2013

Leather sofa manufacturer Natuzzi is to lay off 1,726 workers at its factories in southern Italy after losing EUR 140 million since 2007 due the strong euro, the "unsustainable cost of labour" and domestic recession. The Italian company plans to invest EUR 190 million in product and process innovations, marketing and communications operations but ...

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