Word: mininations
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Dates: during 2006-2006
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Valerio and Lucio Minin are two of those shedding tears. During the 1990s, the company their father founded a half-century ago, Mininsedie, produced up to 500,000 chairs annually. But last year Mininsedie made just 130,000. Revenues have declined 50% in two years, and with losses mounting, the Minin brothers recently laid off five of their 15 employees. "The situation here is tragic," says Valerio, 51. "I just don't know how we're going to continue. You keep banging your head against the wall, and either the wall falls...
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