PADUA, Italy— Safilo S.p.A. (SFL.MI) met with Italian trade unions and workers’ representatives on May 11 to present its Industrial Plan and announce that it has identified 1,000 preliminary redundancies in its Italian production facilities to address overstaffing following the non-renewal of the Armani license.

The company stated that it has immediately begun negotiations with the trade unions and workers’ representatives, scheduled through May 28, in order to identify the best industrial and organizational structure going forward. The aim of these negotiations, according to the company, is to minimize the social impact and safeguard the company’s competitiveness for the benefit of the workers who will remain employed by carrying out its mid and long term plans. Safilo’s “Made in Italy” designation, innovation and product quality remain an absolute priority, the company said.