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EMPLOYEE BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2022
Employee benefits [Abstract]  
Group's provision for employee benefits The Group’s provisions for employee benefits are as follows:
At December 31,
20222021
(€ thousand)
Present value of defined benefit obligations:
Italian employee severance indemnity (TFR)15,142 18,430 
Total present value of defined benefit obligations15,142 18,430 
Other provisions for employees95,665 82,770 
Total provisions for employee benefits110,807 101,200 
Disclosure of defined benefit plans
The following table summarizes the changes in the defined benefit obligations:
TFR liabilityPension plansTotal
(€ thousand)
Amounts at December 31, 202019,825 105 19,930 
Recognized in the consolidated income statement6 — 6 
Recognized in other comprehensive loss/(income) (*)
463 — 463 
Other(1,864)(105)(1,969)
   Benefits paid(2,127)(105)(2,232)
   Other changes263 — 263 
Amounts at December 31, 202118,430 — 18,430 
Recognized in the consolidated income statement22 — 22 
Recognized in other comprehensive income/(loss)(*)
(1,605)— (1,605)
Other(1,705)— (1,705)
   Benefits paid(1,731)— (1,731)
   Other changes26 — 26 
Amounts at December 31, 202215,142 — 15,142 
    ______________________________
    (*) Relates to actuarial losses/(gains) from financial assumptions.
The expected future benefit payments for the defined benefit obligations as of December 31, 2022 are as follows:

TFR
(€ thousand)
20231,740 
20241,448 
20251,458 
20261,402 
20271,518 
2028 - 20326,019 
Total13,585 
Disclosure of amounts recognized in the consolidated income statement
Amounts recognized in the consolidated income statement are as follows:
For the years ended December 31,
202220212020
TFRPension plansTotalTFRPension plansTotalTFRPension plansTotal
(€ thousand)
Current service cost— — — 6 — 6 — — — 
Interest expense22 — 22 — — — 25 — 25 
Past service adjustments
— — — — — — — — — 
Total recognized in the consolidated income statement 22 — 22 6 — 6 25 — 25 
Disclosure of the sensitivity of defined benefit plan to changes in principle assumptions The sensitivity of the defined benefit obligations to changes in the weighted principal assumptions is:
At December 31,
20222021
 Changes in assumption of +1% discount rate Changes in assumption of -1% discount rate Changes in assumption of +1% discount rate Changes in assumption of -1% discount rate
(€ thousand)
Impact on defined benefit obligation(904)1,013(1,321)1,507