Italy to resume Aid talks with Italian Fashion Leaders
Italy's government will resume talks on Thursday with the nation's fashion leaders regarding financial aid to the sector, a spokeswoman for the ministry told Dow Jones Newswires Wednesday. Industry Minister Claudio Scajola is expected to meet with representatives from the textile and shoe sectors around 1600 GMT in…
Egytex News Desk
Egytex
Italy's fashion industry leaders, who say the sector had sales worth EUR52.5 billion in 2008, have urged the government to safeguard jobs for some 700,000 small-company workers. The fashion industry comprises about 60,000 companies, of which about 90% are classified as small businesses, SMI said previously. In Italy, small companies aren't eligible for subsidized government unemployment funds. Earlier Wednesday, the government said financial resources to help ailing small and medium-sized Italian companies had been raised to EUR1.5 billion from EUR1.3 billion.
From the Egytex news archive, first published on 19 March 2009. Figures and names are as reported at the time.
