The Alexander McQueen company confirmed 54 out of 181 employees are to be let go, amid a strategic restructuring, and unions voiced their opposition.
Italian unions Filctem Cgil, Femca Cisl, and Uiltec Uil said Friday that, since 54 out of 181 employees are to be let go, they “express strong preoccupation and strong opposition in regards to a decision that risks having an extremely relevant social impact.
”confirmed “the opening of collective redundancy procedures, affecting the brand’s activities in Italy. This difficult decision is consistent with the strategic review of our global operations announced in November and part of the group-wide effort to restore the business to sustainable profitability over the next three years, while laying the foundations for its long-term future.”group, said it “will continue to engage with our employees and their representatives during this critical period and remain committed to supporting them throughout the process and the transition.”in Scandicci, Novara and Parabiago, “express strong concerns” about the future of production at the plants in those towns, the former in Tuscany and the latter two in northern Italy, therefore leading to a potential loss of jobs. On Friday, the unions highlighted “the very significant reduction” in the number of employees, which will lead to “hefty consequences not only for those directly involved and their families, but also for the organization of the work, for the overall stability of the company and for the production and supply pipeline it is connected to.”to table “a serious, transparent and in-depth” conversation with the unions “aimed at verifying all the possible solutions that will allow to reduce or avoid the layoffs that have been announced.” Potential alternatives, said the unions, are the activation of social safety nets and recovering the redundancies through mobility programs within the group, promoting outplacement services., he had no choice but to cut deep and fast, as the brand has incurred heavy losses by opening 135 stores worldwide and allowing itself to become excessively reliant on sneaker sales, which at one point represented 80 percent of its revenues. De Meo said more than half of those stores could be shuttered “without mercy,” with some locations transferred to other brands within the group. “What do you want me to do? I don’t run a charity,” he said. “We have to make decisions, but we obviously respect the history and the potential of the brand.” However, he said an outright sale was unlikely, especially as it would be difficult to find a buyer willing to pay an attractive price for the brand. Instead, he plans to fine-tune McQueen’s offering as part of a broader effort to develop brand platforms designed to clarify the scope of each house., Boucheron and Qeelin is logged under the “other houses” group, which in the fourth quarter last year reported a 3 percent increase. In October, McQueen launched a strategic review that also could lead to the loss of 55 jobs, or 20 percent of the head office staff, in London. At the time, McQueen confirmed it had entered into a consultation process, a precursor to layoffs in the U.K., with the members of staff affected.Nike's Classic White Air Force 1 Is Getting Covered in Croc for SpringNike's Air Force 1 Is Coming Out in New Colorful Patent Leather…. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the GoogleWWD and Women's Wear Daily are part of Penske Media Corporation. © 2026 Fairchild Publishing, LLC. All Rights Reserved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US jobless claims edge down to 213,000 as layoffs stay historically lowU.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market. The number of Americans filing for jobless aid for the week ending March 7 fell by 1,000 to 213,000 the previous week, the Labor Department reported Thursday.
Read more »
US applications for unemployment benefits inch down to 213,000 as layoffs remain stableThe number of Americans filing for jobless aid for the week ending March 7 fell by 1,000.
Read more »
US applications for unemployment benefits inch down to 213,000 as layoffs remain stableU.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market.
Read more »
US applications for unemployment benefits inch down to 213,000 as layoffs remain stableU.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market.
Read more »
Applications for unemployment benefits inch down as layoffs remain stableU.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market
Read more »
The Philadelphia School District will eliminate positions and make school-based cuts as it faces a $300 million deficitNo layoffs are planned, but the Philadelphia School District will reassign 340 school-based employees.
Read more »