Italian unions call strike at Kering over lack of clarity on strategy
Unions Announce Strike Amid Uncertainty at Kering
Background of the Strike
MILAN, May 7 (Reuters) - Italy's largest unions have called a strike on May 20 across all companies of French luxury group Kering, which has offices and a significant share of its production in the country, citing a lack of clarity over the group's strategy.
Union Statements and Management Response
"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.
Kering's Strategic Plan and Future Outlook
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 Credits
(Reporting by Elisa Anzolin, editing by Giulia Segreti and Alvise Armellini)
