The competent court in Florence has approved the application of the Italian fashion retailer LuisaViaRoma for a simplified settlement procedure for liquidation. At the same time, Tommaso Andorlini, the CEO and main shareholder of LuisaViaRoma, announced at a regional crisis meeting that short-time work might be applied for due to company closures.
“Attention is also directed at suppliers,” explained Valerio Fabiani, the regional president’s corporate crisis advisor. “This giant of Italian retail influences the fate of hundreds of workers at its locations in Florence. They have excellent professionalism and outstanding craftsmanship. We are talking about a piece of Florence’s economic history and are all committed to finding a solution that secures both the company and jobs.”
Union representatives criticize the company’s actions
Representatives of the industry union FILCAMS criticized the approach. “The company has made no promises to protect jobs. It has announced that it will apply to the ministry for short-time work due to company closures in order to later resume activity in a different form, certainly with fewer employees than before,” it said in a statement. “Today’s meeting on Tuesday, March 31, was disappointing and our fears have been confirmed. We will meet with the workers in a meeting to discuss how we continue the protests. Luisa Via Roma has been known as a flagship of the region and must remain so. We continue to demand the continuation of the company, the protection of all jobs and a recovery plan.” The workforce had already gone on strike on March 26th.
Those involved agree to meet again by April 20th
CEO Andorlini explained to the newspaper La Nazione: “The short-time work due to company closure is the social buffer linked to the settlement procedure. Our intention is to save the brand, ensure continuity, albeit indirectly, and maintain the level of employment in line with business operations.”
Andorlini also confirmed that work on a restructuring plan is progressing well. At the second meeting of the regional crisis unit, scheduled for April 20, “we will present the plan,” he said. At the request of those involved, the city of Florence and the metropolitan region, the new investors are also expected at the negotiating table.
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