Italy: company closures revealed
21/09/2009
A statistics paper issued by the Italian National Footwear Association (ANCI) at the Micam exhibition in Milan on 18 September has revealed the extent so far of the impact of the global economic downturn on the leather and footwear industry there.
During the first six months of 2009, it said, 379 Italian companies in the leather and footwear supply chain went out of business.
The figure comes from Infocamere, an umbrella organisation for Italian chambers of commerce.
ANCI said the real total could be even higher as Infocamere takes time to put its statistics together.
In footwear, 143 businesses closed during the six-month period with a loss of 1,839 jobs. This left Italy with a total of 6,120 footwear production firms who, together, employ 84,079 people.
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