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ISS - Compagnia dei Caraibi S.p.A.: Agreement reached with trade unions on Staff Reduction

Company: Compagnia Dei Caraibi Date: 2025-05-28 Language: English Register to download

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## **COMPAGNIA DEI CARAIBI S.p.A. SB**

## **AGREEMENT REACHED WITH TRADE UNIONS ON THE STAFF REDUCTION PROCEDURE**

*. Turin (Italy), 28 March 2025* - **Compagnia dei Caraibi S.p.A.** Benefit Company (ticker TIME) ("**Compagnia dei Caraibi**" or the "**Company**") - a leading company in the import, development, brand building, and distribution of premium and over-premium spirits, wines, soft drinks from around the world, as well as Italian craft beers – following the announcement made on 31 March 2025, announces that today it has reached an agreement with the trade unions FISASCAT-CISL andUILTuCS-UIL, with the participation ofthe company's internal union representation, as part of the staff reduction procedure initiated pursuant to Articles 4 and 24 of Italian Law No. 223/1991.

The agreement was signed at the offices of the Piedmont Region – Department for Education, Training and Labour – in the presence of institutional representatives and all involved parties and concerns a maximum of 6 positions.

The agreement, the result of constructive and collaborative dialogue, is part of the broader reorganization and strategic refocusing plan undertaken by the Company, aimed at increasing operational efficiency, reducing fixed costs, and strengthening distribution capacity across both B2B and B2C channels.

The selection criteria for the employees involved, the timeline and procedures for the termination of employment relationships, as well as the economic support measures and assistance with job relocation, were the subject of a specific agreement with the union representatives. Terminations will take place either in compliance with the notice periods or, alternatively, through the payment of the indemnity in lieu as provided for by the applicable national collective bargaining agreement (CCNL).

**Fabio Torretta**, General Manager of the Company, **commented**: "*This was a difficult but necessary decision to ensure the sustainability and resilience of our business model over the medium to long term. We approached discussions with the trade unions responsibly and constructively, identifying solutions that balanced the Company's restructuring needs with the protection of the employees involved. I would like to thank the trade unions for their open dialogue and the spirit of cooperation they demonstrated*."

The Company expresses its gratitude to the trade unions for their sense of responsibility and for their contribution in managing this delicate but necessary phase, which is key to continuing along the path of sustainable growth and strategic market positioning.

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**\*\*\***

This press release is available on the Company's website [www.compagniadeicaraibi.com](https://www.compagniadeicaraibi.com/investor-relations) in the "Investors Relations/Press Releases" section, as well as on the dissemination system (SDIR) "1info" available at [www.1info.it.](http://www.1info.it/)

*Compagnia dei Caraibi S.p.A. Benefit Company (ticker: TIME, ISIN: IT0005453235) established in Vidracco (TO) in 2008, is the leading company in the import, development, brand building and distribution of premium and over-premium spirits, wines and soft drinks from all over the world, as well as of Italian craft beers. Listed on the stock exchange since July 2021, the Company is one of the most dynamic on the market, with a total catalogue of over 1,200 references exclusively imported and distributed in Italy. The Company currently operates in 34 countries with a direct presence in Italy, Spain and the United States. The Company extended its business model with Dispensa, a project that directly caters for end consumers with an online and offline omnichannel concept. Increasingly, the distribution model is focusing on the national and international consolidation of owned and co-owned brands: vermouth, liqueurs, gin, and beer. As of July 2021, Compagnia dei Caraibi is a Benefit Company; there are four permanent areas of responsible business practice (ESG): environment, culture, people and gender equality. In September 2023, Compagnia dei Caraibi was awarded the B Corp® certification, joining the international community of companies leading a global movement to promote an inclusive, equitable and regenerative economic paradigm.*

## For additional information:

## Compagnia dei Caraibi:

Investor Relator Fabio Torretta +39 0125 791104 [investors@compagniadeicaraibi.com](mailto:investors@compagniadeicaraibi.com)

Manuela Pirozzi Communication Manager +39 347 9290609 m.pirozzi@compagniadeicaraibi.com Euronext Growth Advisor illimity Bank +39 02 82849699 [compagniadeicaraibi@illimity.com](mailto:compagniadeicaraibi@illimity.com)