MILAN — Italian eyewear company Safilo said Monday it will rationalize its production facilities in order to streamline the organization, achieve greater efficiencies and improve “its industrial profitability in the mid to long term.”
Safilo — which holds the eyewear licenses for Giorgio Armani, Dior, Gucci, Valentino and other major brands — said that, in line with its plan, it will downsize production at its factories in Precenicco and Martignacco, Italy, and in Ormoz, Slovenia. Safilo will hold talks with union representatives at the plants regarding the downsizing. The company did not reveal whether there would be layoffs.
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