The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(10 - 33) Manufacturing (13 - 15) Manufacture of textiles, apparel and leather 14 - Manufacture of wearing apparel
110 - 150 jobs Number of planned job losses
Announcement Date
11 September 2025
Employment effect (start)
11 September 2025
Foreseen end date
31 December 2025
Description
Geox has initiated restructuring procedures affecting 110-150 positions, representing 15-20% of its 750-person global workforce. CEO announced the workforce reduction during meetings with trade unions and Confindustria Veneto Est, emphasizing all departures will be voluntary rather than unilateral dismissals. Geox management confirmed ongoing discussions with unions through year-end to finalize voluntary exit modalities and evaluate social safety net activation, including potential unemployment benefits, solidarity contracts, and incentive bonuses to minimize workforce impact during the competitive market transition.
The footwear company reported first-half 2025 revenues of €305.3 million, declining 4.7% year-over-year, though excluding Chinese and US subsidiary closures, the decrease was limited to 1.9%. Despite improved operational margins, Di Giovanni indicated sustainable financial equilibrium is not expected before 2026.
The voluntary departure program will affect all departments across markets including Montebelluna headquarters, spanning various roles from management to operations, excluding retail positions.
Eurofound (2025), Geox, Internal restructuring in Italy, factsheet number 203305, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203305.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
