La Perla Suspends Job Cuts
MILAN — La Perla employees received a reprieve this week. In June, the Italian innerwear company said it was rationalizing its structure to focus on its core business. While pledging to keep production at its headquarters in Bologna, Italy, it planned to let go of 126 employees out of a total of 400 there. However, La Perla is now working on presenting a new industrial plan to unions, and job cuts are being suspended for the time being. On Monday, the Ministry of the Economic Development requested La Perla’s management, headed by chief executive officer Pascal Perrier, submit a new plan to help safeguard the brand and its ties to Bologna. While La Perla did not release an official comment, the Ministry’s website noted that the meeting was helmed by the vice head of cabinet Giorgio Sorial, and attended by La Perla’s representatives, local associations and members of the unions. According to the ministry, Perrier told the gathering that the “company’s crisis has persisted for several years and its relaunch needs to take place through a change in the business model, aimed at repositioning the brand in the luxury lingerie sector, the group’s core business.” Sorial underscored that the company should “present as soon as possibleFollow WWD on Twitter or become a fan on Facebook.
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