Gucci Faces Strike Threat as 1,000 Italian Workers Demand Social Bonus Payments

Gucci, on the ropes in Italy. The more than 1,000 employees of the Italian company have threatened to go on strike to demand the payment of their social bonuses. According to the unions, the company had assured that this year they would be paid a social bonus, as established in the last agreement in force.

The payment of these benefits affects both sales and logistics employees in Italy. The agreement was agreed in the last agreement that is in a situation of ultraactividad, waiting to sign a new one, according to the unions in a statement.

The flagship chain of French luxury conglomerate Kering would have guaranteed the payment of this welfare package. In the absence of any statement from Gucci, the unions insist that “the workers are still waiting for the amount.“ The statement adds that, if the situation is not reversed, the representatives will communicate pressure actions.

The payment of benefits is part of Gucci’s last collective bargaining agreement, which is in ultra-activity

Gucci is not going through its best moment. The luxury icon has closed the first half of the year with a slump in turnover: sales fell by 26% to just over €3 billion, dragging down the French group as a whole, which closed the period with a 16% drop in turnover and a 39% reduction in recurring operating profit.

Gucci’s sales in the first half of the year were down 25% on a like-for-like basis, dragged down mainly by the poor performance of the wholesale channel, with a drop in sales of 42%.

In this context, Gucci decided a few months ago to restructure its top management with the appointment of Maria Cristina Lomanto as new president for Europe, Middle East and Africa (EMEA), replacing Matteo Mascazzini .

Gucci has also promoted Marcello Costa to merchandising director, a key position in the reorganization driven by Stefano Cantino, who took over as CEO in January.

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