Braccialini has announced the terms of a restructuring plan, following a meeting between the company's management and union representatives at the end of December. The Tuscan leathergoods group controls the Braccialini, Gherardini and Francesco Biasia brands, and holds the Vivienne Westwood license. The agreement calls for lower wages and shorter work hours over a period of 12 to 24 months, after which time less than half of the workers that the company had initially indicated will be dismissed. Braccialini was part of the Burani group, which went out of business in 2009. Most of the layoffs are connected with the gradual outsourcing of a number of services, including logistics. The company moved to Scandicci, on the outskirts of Florence, three years ago, where it will combine its headquarters with the logistics and customer care areas, currently under construction. In 2011, the Braccialini family took over the shares of the Burani group with the help of new financial partners, including SICI (Sviluppo Imprese Centro Italia), the Hat & Nem fund and Banca Popolare di Vicenza.

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