Prada Lays Off Workers - Temporarily
Recession creativity? Prada will temporarily lay off 250 workers. Photo: Vittorio Zunino Celotto, Getty Images
Here's one way to combat the recession: Lay off workers, um, temporarily.
Prada SpA agreed with the Italian work union CGIL to lay off 250 workers for brief periods at a time with the support of public funds, reports WWD.
Called "Cassa Integrazione," the plan will cover the luxury company's largest accessories production plant -- so, really, saving the "It" bag -- for periods of four to six weeks when production is slow.
During these work suspensions, the Italian government will pay up to 80% of the worker's incomes, says the site. Not too shabby for a month's break from work!
Prada isn't the only luxury fashion company to feel the economic pinch. This recent survey finds that even the wealthy aren't so into pricey goods of late.
Tags: Italian government, ItalianGovernment, labor union, LaborUnion, lay offs, LayOffs, Prada, recession, temporary lay offs, TemporaryLayOffs






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