Bulletin
Investor Alert

Market Pulse Archives

Sept. 26, 2005, 10:23 a.m. EDT

Natuzzi to call back 90% temporarily laid off workers

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Natuzzi S.p.A. ADR (NTZ)

or Cancel Already have a watchlist? Log In

By Carla Mozee

NTZ

SAN FRANCISCO (MarketWatch) -- Furniture manufacturer Natuzzi /zigman2/quotes/206283720/composite NTZ +15.26% said Monday that it will call back 90% of workers that were temporarily laid off at the factories in Italy last June. The workers will be brought back in beginning in October to reduce the order backlog accumulated during the summer when production was closed, as well as provide for the seasonal increase of the order flow. Natuzzi said while the recall is a positive move for the company, the market is "still difficult and uncertain." It also confirmed a previously announced restructuring plan aimed, in part, to reduce manufacturing costs in Italy.

/zigman2/quotes/206283720/composite
US : U.S.: NYSE
$ 21.00
+2.78 +15.26%
Volume: 105,601
Sept. 24, 2021 4:10p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$230.38 million
Rev. per Employee
$86,126
loading...

Get news alerts on Natuzzi S.p.A. ADR — or create your own.
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.