The Italian Sea Group denies layoff rumors and TISG Asia links

The Italian Sea Group (TISG) has issued a formal denial regarding recent reports concerning its corporate structure and workforce stability. The company rejected claims suggesting a link between its president, Giovanni Costantino, and TISG Asia, describing such assertions as “priva di qualsiasi fondamento” (devoid of any foundation). TISG clarified that while TISG Asia previously acted as a distributor in Asian markets, it currently holds no relationship with the Group. The company noted it had already taken legal steps in August to prevent the unauthorized use of its brand and images by the Asian entity.

Additionally, the Group addressed reports of 270 potential layoffs, labeling them misleading. TISG stated that the figure refers to employees transitioning to a “contratto di solidarietà” (solidarity contract) to manage a temporary reduction in workload, rather than impending terminations. According to a September 9 agreement signed with trade unions, the company intends to maintain its entire workforce of approximately 450 employees. The measures include staff rotation and guarantees to cover wages if social safety net benefits are not approved.