Azimut Benetti issues temporary layoffs - Trade Only Today

Azimut Benetti issues temporary layoffs

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Azimut Benetti temporarily laid off 220 workers as part of a reorganization plan for the main factory and headquarters in Avigliana, Italy.

The plan is based on a 29 million euro (about $39 million) investment in the company to modernize the product lines and production processes, as well as preserve its “made-in-Italy” roots, Azimut spokeswoman Andrea Sculati told Trade Only Today in an email.

“This plan consists of huge investments in the reorganization of the main factory and headquarters in Avigliana,” Sculati said. “In this reorganization frame, Azimut Benetti Group got the authorization from the pertinent ministry to temporarily lay off 220 workers. The total employees at Azimut Benetti are around 2,500.”

At the close of 2012, the group announced it had consolidated production of its Azimut brand in Avigliana, closing facilities in Turkey and Groppello, Italy, and applying for temporary government-subsidized redundancy for 900 workers. The group reduced that number but ultimately laid off 220 people.

— Reagan Haynes

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