MILAN — Just as its chairman Leonardo Del Vecchio through his namesake foundation donated 10 million euros to the new hospital created at the Milan fairgrounds, Luxottica Group is introducing a number of initiatives to support its employees impacted by the coronavirus emergency.
The Italian eyewear giant has pledged to entirely integrate employees’ “cassa integrazione” wage support measure every month. Italy has been in lockdown since March 9 and, following the shut down of all nonessential activities, the Italian government has issued a “Cure Italy” decree allocating 25 billion euros to support the country and allowing companies to request the wage support measure, which contributes to 80 percent of an employee’s salary.
Throughout the “cassa integrazione” period, Luxottica will also contribute 500 euros per month to all employees that will be at work at the group’s plants in Italy.
It is also reprogramming the summer vacations, reducing the closure of the company during the month of August from three weeks to one week around the Ferragosto national holiday on Aug. 15 to support the gradual restart of the activities. Luxottica will guarantee each employee two consecutive weeks and an additional third week to schedule depending on the organization’s needs.
The company has agreed with the unions it will not cut the year-end bonus on results if an employee has been ill and absent due to COVID-19 infection.
In addition, in light of the context and…