MILAN – The Prada Group has inked an agreement with unions to further spend money on the corporate’s welfare plan.

“For the Prada Group, placing its own collaborators and their families on the forefront is of fundamental importance,” said chief executive officer Andrea Guerra. “The tools that we now have developed along with the unions and that allow us to supply more resources to our individuals are a option to contribute to succeed in a greater balance between private life and work.”

A performance bonus of 1,450 euros might be increased depending on productivity and it would be hiked by 20 percent if converted into welfare and spent through the MyPradaGroup platform. The platform allows employees to be financially supported on medical and college expenses, for instance, but in addition holidays and shopping vouchers.

“We express great satisfaction over the primary agreement reached by the Prada Group on the performance bonus,” the representatives of the three national unions Rsu of Filctem Cgil, Femca Cisl, and Uiltec Uil said in an announcement. The three unions worked with the style group’s management to find out the performance bonus for all of the staff of the group’s Italian sites.

“We have now obtained a vital investment on the corporate welfare and a harmonization plan that can bring at the top of the 2023 to 2026 all of the sites or controlled corporations to have an equal economic recognition,” they added.

Prada has been constructing its network of plants through the years, growing in time to comprise 24 industrial facilities, of which 21 are in Italy.

In April, during a tour of the Valvigna plant in Tuscany, chairman Patrizio Bertelli said “the factory represents 50 percent of the life of individuals and you recognize that your strategic decisions as an entrepreneur will impact the life of individuals. We have now made the factories a snug place. The factory is a family.”

The  employees of the group, which incorporates the Prada, Miu Miu, Church’s and Automobile Shoe brands, now total 13,768. The corporate has grown to succeed in sales of 4.2 billion euros last yr, with a presence in 70 countries and 612 directly operated stores.

As reported, by the top of 2023, Prada will double the dimensions of its knitwear factory in Torgiano, in Umbria, an extended time knitwear manufacturing hub. It is usually planning to have a completely automated shoe production line inside its Levane plant near Arezzo in Tuscany.

Next yr, the group is eyeing establishing a latest leather goods plant near Siena.

The group might be hiring greater than 400 people by the top of the yr to strengthen its production capability and craftsmanship expertise in Italy. A substantial proportion of the brand new positions might be filled by students of the Prada Group Academy, where latest entrants will learn manual and craft skills.

Greater than 200 latest professionals might be trained over the subsequent yr across leather goods, footwear and ready-to-wear.

The group can even establish a latest everlasting branch of the Prada Group Academy at its Scandicci plant, near Florence, dedicated to leather craftsmanship. Around 30 students might be a part of the primary program there.