A popular furniture brand in its home market is closing factories.
Veko Eurore has announced that it is closing two of its enterprises, and as a result, about 2,000 people are out of work.
This is what Euronews reports.
The company is presenting a “long-term business transformation” plan to the leaders of the industry and the services.
It includes the closure of two plants – in China and in locations in the central part of the city of Comynantsa, in which significant investments have recently been made invectives.
In addition, production will be reduced in one more factory, and on top of that, there will be reductions in production, trucks and other two locations. engineering departments.
“The outlook for our European business means that a large part of our production base is not performing at the level from a financial point of view. This is the result of the The context of the industry, including – increasing the concentration of Asian players and decreasing pressure.
At the moment in Italy there is an inconsistent level of employment of the production capacity – just below 40% this year or 20% less in 2017,” he said. from the company.
This difficult communication confirms that over the past 7 years, millions of Europeans have died from Italian business.
As a result, 1,935 souls will be released.
#Crisis #global #brand #market #mass #redundancies
Given the economic factors discussed by Dr. Schmidt and the human impact described by Marco, what concrete policy measures could European governments implement to mitigate the negative consequences of factory closures in industries like furniture manufacturing?
## World Today News Interview: Veko Eurore Closure and Implications for the European Furniture Industry
**Welcome to World Today News. Today, we are diving deep into the troubling news of furniture giant Veko Eurore announcing the closure of two factories, resulting in a staggering 2,000 job losses. We have invited two esteemed guests to delve into the reasons behind this decision and its implications for the future of the European furniture industry.**
**Our guests are:**
* **Dr. Anna Schmidt:** An economist specializing in the European manufacturing sector
* **Marco Rossi:** A labor union representative and advocate for worker rights
**Let’s start with you, Dr. Schmidt. Veko Eurore is citing a “long-term business transformation” as the reason for these closures. Can you elaborate on the economic factors that might be contributing to these drastic measures?**
(Dr. Schmidt provides analysis on the industry context, including competition from Asian players, decreasing demand, and Veko Eurore’s financial performance.)
**Marco, from a labor perspective, how are these closures impacting workers and communities? What support systems are in place to assist them through this difficult transition?**
(Marco discusses the human impact of the job losses, the challenges faced by workers in finding alternative employment, and the role of governmental and union support programs.)
**Dr. Schmidt, the article mentions significant investments made in the Comynantsa factory, which is now slated for closure. What does this say about the challenges of long-term planning and investment in a volatile economic landscape?**
(Dr. Schmidt explores the inherent risks in capital investments, the difficulty of predicting future market trends, and the potential need for more flexible business strategies.)
**Marco, what lessons can be learned from this situation to potentially prevent similar closures and protect worker livelihoods in the future?**
(Marco advocates for stronger labor protections, government incentives for domestic manufacturing, and collaborations between businesses and unions to ensure a more equitable and sustainable approach to economic restructuring.)
**(Redirect focus to the larger picture.)**
**Dr. Schmidt, Veko Eurore’s situation reflects broader trends within the European furniture industry. What are some of the key challenges and opportunities facing this sector in the years to come?**
(Dr. Schmidt discusses factors like automation, evolving consumer preferences, and the rise of e-commerce, and how these will shape the future of furniture production in Europe.)
**Marco, how can workers and unions adapt to these changing realities and secure a fair place within the evolving landscape of the furniture industry?**
(Marco emphasizes the importance of upskilling and reskilling programs, worker involvement in technological advancements, and embracing new business models that prioritize sustainable practices and worker well-being.)
**Thank you both for your insightful perspectives. This difficult situation underscores the complexities of globalization, economic competitiveness, and the need for a balanced approach that considers both business viability and the well-being of workers and communities.**
**We encourage our viewers to stay informed about the evolving situation and engage in constructive dialog around these critical issues. **
