natuzziFactoryThere will be fewer job cuts at Natuzzi’s Italian plants after the company finalised its restructuring plan in a binding agreement with local Government and unions.

The upholstery giant — among the largest furniture manufacturers in the world — will lay off 534 of its 2,300 workers in Italy as a result of the agreement.

That is around 1,000 fewer than originally planned back in the autumn of 2013 when restructuring was first announced.

The 534 to be laid off will be covered by the Italian temporary lay-off program named Cassa Integrazione Guadagni, under which, Government funds cover the substantial majority of the salaries of redundant workers.

If order numbers increase, up to 200 may be re-absorbed into the Natuzzi family, while the remaining 334 will be offered incentive payments to induce their voluntary resignation.

Natuzzi said in a statement that shift lengths for remaining workers would be cut from eight hours to five for a period, while the restructure will see all Natuzzi Italia branded goods manufactured at two plants: Matera-Jesce and Laterza, with the former making the Re-Vive recliner line.

The factory at its Santeramo HQ will manufacture the Divani & Divani by Natuzzi product line sold in franchised stores in Italy.

Natuzzi also has other factories worldwide.