Italy's Safilo to cut 1,000 jobs
The company said it informed unions of its decision and will enter negotiations "to closely examine the situation" from Friday until May 28.
Safilo said it will make "all possible efforts to identify shared solutions to ensure the best possible management of the overstaffing problem."
On May 4, the company said first quarter sales fell 4 percent to 288.7 million euros because of the phasing-out of its contract with Armani.
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