Antonio Merloni Extends Employee Vacation Benefits Indefinitely
Submitted by advisor on Sat, 10/01/2005 - 1:09am.
"Antonio Merloni", the Fabriano, Italy owner of ASKO and Eurotech is in the news.
(not to be confused with Merloni Elettrodomestici, now known as Indesit Company, the manufacturer of the Ariston brand and owned by Antonio's brothers Francesco and Vittorio)
It has been reported in Italian newspapers that upwards of 1000 Fabriano area employees will be allowed to connect their August shutdown, Christmas break, and frequent religious and local holidays into a continuous, uninterrupted and perpetual leave from their present employee related responsibilities. We are still checking into the cause of this unwelcome largess.
UPDATE: Oct 21: Antonio Merloni is opening later this year a new lower cost Ukrainian production facility and will be reducing its Italian production employment over the course of the year through attrition, relocation, and finally layoff.
