Natuzzi S.p.A. Announces a Reduction of Production Working Time at its Italian Plants
June 12 2007 - 10:37AM
Business Wire
Natuzzi S.p.A (NYSE:NTZ) announces that in light of the challenging
business conditions affecting all major markets and the adverse
currency trend that are depressing the order flow, the Company is
recurring to a temporary reduction of the production working time
at the Italian plants (from 8 to 5 hours per shift) starting from
June 13, 2007 for thirteen weeks. ABOUT NATUZZI S.P.A. Founded in
1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a
broad collection of leather-upholstered residential furniture.
Italy�s largest furniture manufacturer, Natuzzi is the global
leader in the leather segment, exporting its innovative,
high-quality sofas and armchairs to 123 markets on 5 continents.
Since 1990, Natuzzi has sold its furnishings in Italy through the
popular Divani & Divani by Natuzzi chain of 124 stores, and 1
Natuzzi Store. Outside Italy, the Group sells to various furniture
retailers, as well as through 158 licensed Divani & Divani by
Natuzzi and Natuzzi Stores. Natuzzi S.p.A. was listed on the New
York Stock Exchange on May 13, 1993. The Group is ISO 9001 and
14001 certified.
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