Companies

Geox to implement restructuring plan that could affect up to 115 jobs

Sep 25, 2025 Italy

The Italy-based group Geox has announced a restructuring plan that could result in the loss of up to 115 jobs. These measures form part of the implementation of its Industrial Plan

At a meeting with trade unions and the Italian employers’ confederation Confindustria, Geox presented planned measures to implement the Industrial Plan approved by the company’s board at the end of last year. The company is planning a restructuring “in order to improve its efficiency and sustainability, with optimization of fixed costs and greater capacity to absorb them”.

Geox added that “preliminary analyses carried out by management indicate the need to implement a cost reduction plan, which will also involve foreign facilities”.

According to media reports, the cost reduction plan includes reducing its headcount by 15-20% through voluntary departures, which will affect around 110-150 of its 750 employees in Italy and abroad. However, all parties have agreed to continue discussions to find solutions that protect workers while ensuring the group’s activities remain sustainable.

Despite improvements in profitability, the group reported consolidated sales of 305.3 million euros in the first half of the year, a 4.7% decrease (or 4.9% at constant exchange rates), on a comparable basis to the same period last year.

Sources: shoeintelligence.com; uk.fashionnetwork.com

Image Credits: theglades.co.uk

Italy Companies Employment Footwear Geox Restructuring