Italian Unions Secure Kering Deal to Prevent Alexander McQueen Layoffs
Agreement Reached to Prevent Layoffs at Alexander McQueen
Background of the Dispute
ROME, June 4 (Reuters) - 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.
Terms of the Agreement
• Under the agreement, any termination of employment will be voluntary and incentivised, the Filctem Cgil, Femca Cisl and Uiltec Uil trade unions said.
Union and Worker Response
• Alexander McQueen workers have voted unanimously in favour of the agreement, they added.
Events Leading Up to the Agreement
• 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.
Leadership Changes 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)
