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Why did 830 Italian leather firms close while luxury prices stay high?

Why did 830 Italian leather firms close while luxury prices stay high?



Why did 830 Italian leather firms close while luxury prices stay high?

The number behind the July strike

Several thousand people marched through Florence on July * during a Tuscany-wide industrial strike. Fashion, textiles and leather goods were among the sectors at the centre of the action.

The *** figure originated in a July * statement from the Florence branches of Italy’s three main trade-union confederations—CGIL, CISL and UIL. They said *** leather-goods businesses had closed in the province since ****, involving approximately *,*** employees, some later absorbed by other companies.

PwC research for Confindustria Toscana Centro e Costa found that Florence’s fashion and leather districts had ** per cent fewer active businesses in the first quarter of **** than in ****. Employment was down ** per cent, while authorised wage-support hours surged *** per cent between **** and ****.



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