Safilo Will Cut 1,250 Jobs In Italy And Slovenia, Looks For Additional Equity

Safilo has announced the elimination of 1,250 jobs in Italy and Slovenia as the embattled company seeks to cut production costs in a flagging market. The company intends to trim 800 jobs in Italy by closing its Precenicco manufacturing plant and by downsizing the Martignacco site to a service center. ...

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