Furniture Firm Natuzzi Remains Listed on NYSE, Reaches Agreement With Italian Trade Unions

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Sofia Celeste

Fri, May 22, 2026 astatine 11:30 AM CDT 3 min read

MILAN — The New York Stock Exchange has allowed high-end Italian design furniture firm Natuzzi to stay listed connected its composite index, aft accepting its program to regain compliance with its listing standards. It besides came to an statement connected Tuesday with commercialized unions implicit reducing its unit successful bid to fortify its business.

In a connection connected Friday, the Bari-based steadfast said it received announcement from the NYSE successful January, stating that its 30 trading-day mean marketplace capitalization and its past reported stockholders’ equity arsenic of Sept. 30, 2025, were each beneath $50 million, and truthful nary longer successful compliance with NYSE’s listing standards. On April 6, the steadfast submitted its compliance plan. Natuzzi is listed connected the New York Stock Exchange nether the ticker NTZ.

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Trade Union Woes

In a cardinal move, Natuzzi gained clarity connected its aboriginal aft reaching an statement with Italian commercialized unions implicit its important 2026-28 concern plan. Italy’s Labor Ministry said the program would boost productivity and ratio successful the look of a drastic diminution successful purchases and successful the markets wherever Natuzzi is astir active. The program besides involves a 50 cardinal euro investment. On the downside, it would person resulted successful the nonaccomplishment of much than 400 jobs occupied by individuals the steadfast said were adjacent to retirement.

Under the agreed terms, Natuzzi volition instrumentality vantage of a government-backed wage supplement money that partially pays the workers’ wages portion they enactment reduced hours, portion the institution navigates a challenging period. Natuzzi volition entree a usage complaint of 62 percent connected mean for up to 1,755 employees, until the extremity of 2026. The statement was made astatine the nation’s Labor Ministry, which was presided by representatives from the Ministry of Enterprises and Made successful Italy, the Regions of Apulia and Basilicata.

All parties agreed to proceed negotiating a voluntary severance bundle — meaning immoderate employees whitethorn beryllium offered wealth to permission by choice, for which Natuzzi said it already has funds acceptable aside.

NYSE Compliance Still Pending

Going forward, the institution is taxable to periodic reappraisal by the NYSE for compliance with the initiatives acceptable distant successful the plan. Natuzzi has to beryllium successful compliance with the listing standards by July 6, 2027 oregon if it does not marque advancement accordant with the plan, NYSE whitethorn initiate delisting proceedings, the connection said. “The institution intends to regain compliance with the NYSE’s continued listing standards by specified date; however, determination is nary assurance that the institution volition beryllium capable to bash so,” it said.

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