The mass dismissal procedure that affected Yoox employees has been withdrawn. This came after an agreement with the Italian Ministry of Enterprise and Made in Italy (MIMIT). This will significantly reduce the number of job losses.
The agreement reduces the planned structural job cuts by around 70 positions and thus represents a significant improvement compared to the original proposal. The agreement also ensures a socially acceptable transition for the affected employees by using social safety nets and incentives for voluntary dismissals.
Senator Adolfo Urso, Minister of Enterprise and Made in Italy, described the result as an important victory for Yoox employees: “This result is the result of months of intensive dialogue with the social partners. It shows that MIMIT’s approach, based on real discussions and common solutions, is effective. It protects jobs while promoting industrial development.”
The agreement was reached in intensive negotiations between the company, the unions and institutional representatives. It must now be approved by the employees. “All parties are focused on ensuring a full revival of the company’s production and business activities,” MIMIT confirmed.
LuxExperience, the owner of the Yoox brand, emphasized its commitment to responsible solutions that aim to minimize social impact. Individual discussions with the employees affected by the agreement will begin shortly.
The company also reiterated its long-term commitment to Italy – a strategic operational hub and home to Yoox, a pioneer in the off-price luxury segment. LuxExperience emphasized the goal of maintaining an important role as an employer in the country, which should have a positive impact on employment in the medium to long term.
The mass layoffs were originally announced to the unions in September. LuxExperience is a Munich-based luxury group that also includes Mytheresa and Yoox Net-a-Porter. The group updated its efficiency plan after the takeover of YNAP in April 2025.
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