MILAN — Benetton Group has initiated a restructuring across all company brands designed to support the relaunch of its business.
As a result, the Ponzano Veneto, Italy-based group will lay off 450 employees, of whom 228 will be in Italy, working in development and production. Talks with Italian unions are scheduled over the next few weeks. However, by the end of March, Benetton will hire 280 individuals to boost its retail division. The company employs more than 10,000 people worldwide.
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