<SEC-DOCUMENT>0001157523-15-000834.txt : 20150304
<SEC-HEADER>0001157523-15-000834.hdr.sgml : 20150304
<ACCEPTANCE-DATETIME>20150304170629
ACCESSION NUMBER:		0001157523-15-000834
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150304
FILED AS OF DATE:		20150304
DATE AS OF CHANGE:		20150304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATUZZI S P A
		CENTRAL INDEX KEY:			0000900391
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11854
		FILM NUMBER:		15674255

	BUSINESS ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALY
		STATE:			L6
		ZIP:			70029

	MAIL ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALTY
		STATE:			L6
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATUZZI INDUSTRIES SPA
		DATE OF NAME CHANGE:	19950823
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a51052692.htm
<DESCRIPTION>NATUZZI S.P.A. 6-K
<TEXT>
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      <font style="font-size: 12pt; font-family: Times New Roman">Securities
      and Exchange Commission</font><br><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>Form
      6-K</b></font><br><br><br><font style="font-size: 12pt; font-family: Times New Roman">Report
      of Foreign Issuer</font><br><font style="font-size: 12pt; font-family: Times New Roman">Pursuant
      To Rule 13a-16 Or 15d-16</font><br><font style="font-size: 12pt; font-family: Times New Roman">Of
      The</font><br><font style="font-size: 12pt; font-family: Times New Roman">Securities
      Exchange Act of 1934</font><br><br>
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            <font style="font-size: 10pt">For the month of </font><font style="font-size: 10pt; font-family: Times New Roman"><b>March,
            2015</b></font>
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          &#160;
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        <td valign="top" style="text-align: right; padding-left: 0.0px; width: 33%">
          Commission File Number 1-11854
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    <p style="text-align: center">

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            <font style="font-size: 14pt"><b>NATUZZI S.p.A.</b></font>
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            <font style="font-size: 10pt">(Translation of registrant's name
            into English)</font>
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      <br>

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          Via Iazzitiello 47
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          70029 Santeramo, Italy
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          (Address of principal office)
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    <p style="text-align: center">

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      <br>

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    <p style="text-align: left; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant files or will file annual reports
      under cover of Form 20-F or Form 40-F:</font><br><font style="font-size: 10pt; font-family: Times New Roman">Form
      20-F</font><font style="font-size: 10pt; font-family: Times New Roman"> </font><font style="font-size: 11pt; font-family: Arial Unicode MS">&#8864;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Form 40-F </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant by furnishing the information
      contained in this Form is also thereby furnishing the information to the
      Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
      of 1934. &#160;Yes </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">&#160;&#160;
      No </font><font style="font-size: 11pt; font-family: Arial Unicode MS">&#8864;</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">If &quot;Yes&quot; is
      marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b):</font>
    </p>
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    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Natuzzi:
      Development of Agreement Providing for the Recovery of Competitiveness
      of Italian Operations Signed</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>&#8364; 25
      million of investments to support the Group&#8217;s made-in-Italy production; </b></font></i>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Pasquale
      Natuzzi: &#8220;We believe in Italy&#8221;</b></font></i>
    </p>
    <p>
      SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--March 4, 2015--Natuzzi
      S.p.A. (NYSE:NTZ) announces that the Company, the relevant trade union
      organizations and local institutions signed the final agreement (the
      &#8220;Agreement&#8221;) that follows and develops the agreement previously entered
      into on October 10, 2013. The Agreement was executed yesterday, at the
      headquarters of the Italian Ministry of Labour. Undersecretary Teresa
      Bellanova, as well as officials from the Italian Ministry of Economic
      Development and from the Puglia and Basilicata Regions were also
      present. The October 10, 2013 agreement had paved the way for the
      restructuring of the Group&#8217;s Italian operations according to the
      guidelines included in the Group&#8217;s transformation plan.
    </p>
    <p>
      The Agreement is a fundamental tool for the industrial re-launch of
      Natuzzi&#8217;s Italian plants (both from a qualitative and productive
      standpoint), representing the final step in the production efficiency
      and work-related cost reduction processes that have been tested over the
      past few months in the Group&#8217;s test laboratory. As a matter of fact, the
      Company will be able to better allocate workers according to efficiency
      criteria: workers on rotation will not be staffed at our plants (as
      opposed to the first part of 2014, when the staffing of workers on
      rotation at our plants led to a decrease in the level of productivity).
      These processes have highlighted an encouraging improvement in the main
      productivity indices.
    </p>
    <p>
      The Group&#8217;s new industrial structure in Italy, based on Lean-enterprise
      product and industrial process innovations, provides for plant
      specialization according to product type and for the completion of the
      entire sofa production cycle within each single plant.
    </p>
    <p>
      The entire line of Natuzzi Italia products will be assembled within two
      Italian plants, <i>Matera-Jesce</i> and <i>Laterza</i>. In particular,
      the <i>Matera-Jesce</i> plant will also be responsible for the
      manufacturing of the Re-vive armchairs, becoming the center of
      excellence and innovation for the Group&#8217;s production. The <i>Santeramo-Jesce</i>
      manufacturing plant will be dedicated to the production of the <i>Divani
      &amp; Divani by Natuzzi</i> product line.
    </p>
    <p>
      The new business structure will allow the Group to reduce the number of
      redundant employees subject to future lay-offs, decreasing from 1,506
      (previously envisaged in October 2013) to 534. As a result, the number
      of employees in Italy will be equal to 1,800 (as opposed to the current
      number of 2,334 employees). The Agreement provides that the Solidarity
      Agreement will be applicable to these 1,800 employees (both blue and
      white collars) for a 24-month period, starting from May 2, 2015. These
      1,800 employees will work on a reduced-shift basis (for about 5 hours on
      average per day, as opposed to the current 8 hour shift per day),
      consistently with the expected order flow that the Company foresees for
      its Italian productions.
    </p>
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    <p>
      The remaining 534 employees will be covered by the Italian temporary
      lay-off program named &#8220;<i>Cassa Integrazione Guadagni</i>&#8221; (under
      this program, government funds cover the substantial majority of the
      salaries of redundant workers). The Agreement provides for a possible
      and gradual reabsorption of up to two hundred employees in the context
      of the territorial development initiatives contemplated in the October
      10, 2013 agreement (which have, in part, already been initiated). As to
      the remaining 334 employees, the Company anticipates making incentive
      payments to induce their voluntary resignation. Voluntary resignation
      formalities are to be agreed upon with the relevant trade union
      organizations in the following months.
    </p>
    <p>
      To support the Group&#8217;s made-in-Italy production, the Group has planned
      investments in the aggregate amount of &#8364; 25 million, to be allocated to
      marketing, R&amp;D and industrial enhancement.
    </p>
    <p>
      &#8220;<i>The Agreement signed today is an important step towards the
      full recovery of our competitiveness and the preservation of jobs at our
      Italian plants</i>&#8221;, Mr Pasquale Natuzzi (Chairman and C.E.O.) commented.
    </p>
    <p>
      Mr Pasquale Natuzzi concluded: <i>&#8220;It is the result of a long journey,
      during which all players involved have shown a great sense of
      responsibility and reciprocal trust. We intend to keep on competing
      globally and exporting our products starting from Italy, that is, the
      Country we continue to believe and invest in. Today, more than ever, we
      have put our trust in our Country, in the ability, commitment and
      responsibility of our workforce, as well as in the Italian Government,
      for its praiseworthy efforts to modernize our Country. Although markets
      are still unstable and winds of war blow ominously through strategic
      areas of the world, this Agreement represents an encouraging starting
      point that allows us to look to the future &#8211; both our Country&#8217;s and our
      own &#8211; with greater optimism&#8221;</i>.
    </p>
    <p>
      <b>About Natuzzi S.p.A.</b>
    </p>
    <p>
      Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs,
      manufactures and sells a broad collection of couches, armchairs, home
      furniture and home accessories. With consolidated revenues of &#8364;449.1
      million in 2013, Natuzzi is Italy&#8217;s largest furniture house and the
      player with the greatest global reach in its sector, with eight
      manufacturing plants, twelve commercial offices and more than 1,200
      points of sale worldwide. Ethics and social responsibility, innovation,
      industrial know-how and integrated management of its value chain
      represent the points of strength that have made the Natuzzi Group a
      market leader and established Natuzzi as the most recognized furniture
      brand in the world among consumers of luxury goods. Natuzzi S.p.A. has
      been listed on the New York Stock Exchange since May 1993. The Company
      is ISO 9001 and 14001 certified.
    </p>
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    </p>
    <p>
      CONTACT:<br><b>NATUZZI INVESTOR RELATIONS</b><br>Piero Direnzo; tel.
      +39.080.8820.812<br><u>pdirenzo@natuzzi.com</u><br>or<br><b>NATUZZI
      CORPORATE COMMUNICATION</b><br>Vito Basile (Press Office); tel.
      +39.080.8820.676<br><u>vbasile@natuzzi.com</u>
    </p>
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    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font><font style="font-size: 10pt; font-family: Times New Roman">
      </font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
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            NATUZZI S.p.A.
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          &#160;
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          (Registrant)
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            &#160;
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            &#160;
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            Date:
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            <b>March 4, 2015</b>
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            By:
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            <font style="font-size: 10pt">/s/ Pasquale Natuzzi</font>
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            <font style="font-size: 10pt">Pasquale Natuzzi</font>
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