D&G tests Tricotaje Ineu

Tricotaje Ineu, a company that manufactures clothing under contract, is close to signing a contract with Italy”s Dolce & Gabbana, one of the leading players in the luxury industry. “It is about a test order, and talks will continue depending on its results,” stated Pavel Flueras, the general manager of the company. The company has conducted a streamlining programme over the last few years that allowed it to finally become profitable this year. Tricotaje Ineu posted 5.71 million RON (1.56 million euro) turnover in 2005, down 16.5% from the same time lat year. Despite this, it managed to make more than 150,000 RON (41,000 euro) net profit, compared with the 718,000 RON (217,000 euro) losses in the first half of 2004. “The half-year profit is due to the personnel cutbacks and implicitly to the labour productivity improvement. In about three months we got from 1,300 employees to 900. Most of the layoffs were done in the non-manufacturing sector,” Flueras said. He expects the company to post full-year profits, as well. ZF