Challenges in the Fashion Industry: Consitex Cuts Jobs
The fashion industry is facing difficulties as Consitex, a subsidiary of the Zegna group, has announced the layoff of 90 employees. The impacted workers will mainly be those located in the Mendrisio area, with potential relocation options available for 50 individuals to the Novara location.
For skilled workers, a company bus service will be provided from Como and Varese to facilitate commuting to the new site. This move highlights the ongoing challenges within the fashion sector, which has been under pressure in recent months.
As the Lake Como area continues to evolve, these developments in the local economy are significant for expats and visitors alike.
Category: Finance