The Italian fashion industry is facing a period of critically important upheaval, as evidenced by the recent challenges at the Aeffe Group, the parent company of iconic brands like Moschino and Alberta Ferretti. Confirmed job cuts and layoffs are expected by january, impacting approximately one-third of the company’s workforce across its three locations, including a potential loss of 48 positions in Milan.
Layoffs at Dsquared2,Yoox,Moschino: 300 Milanese Luxury Workers Affected by Fashion Crisis
The Situation Unfolds
During meetings held in Milan and San Giovanni in Marignano,union representatives informed employees of Aeffe Group’s plans to implement collective layoffs before the end of January. The announced restructuring involves a total of 221 redundancies, with 78% concentrated in San Giovanni in Marignano, affecting over 170 workers, and the remaining 22% in Milan, putting 48 jobs at risk.
Union officials from Filctem Cgil Milan reported that, as of December 19, 2025, the company declined all alternative proposals presented by labor organizations. These included extending unemployment benefits beyond January 12th, exploring voluntary departure programs, early retirement options, or job relocation assistance.
This decision disregards the significant organizational and social consequences of such considerable cuts, especially as they occur during preparations for fashion shows in Dubai and Milan.
I’ve found that companies often underestimate the ripple effect of large-scale layoffs, particularly within a creative industry like fashion where institutional knowledge and skilled craftsmanship are paramount.
Employee Response: A Strike Declared
A strong majority of employees voiced their opposition to the layoff procedure and the proposed severance packages during the assembly meetings. Consequently, they have announced an eight-hour strike for January 12, 2026, coinciding with a scheduled meeting at the Ministry of Labor.
In Milan,the protest will commence at 9:00 AM in front of the company’s headquarters on Via Donizetti. This coordinated action demonstrates a unified front against the proposed cuts and a demand for more equitable solutions.
Here’s what works best when navigating these situations: proactive interaction, transparent negotiations, and a genuine commitment to mitigating the impact on affected employees.
Understanding the Broader Context
These layoffs aren’t isolated incidents. Similar workforce reductions have recently been announced at Dsquared2 and Yoox, signaling a wider trend of consolidation and cost-cutting within the luxury fashion sector. This wave of job losses impacts approximately 300 workers in Milan alone.
Several factors contribute to this challenging habitat. Increased competition from emerging markets, evolving consumer behaviour favoring value and sustainability, and global economic headwinds are all playing a role. Furthermore, the rise of online retail and the need for digital conversion require companies to adapt their business models and skill sets.
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