Type
Merger/Acquisition
Country
Italy
Region
Isole; Sicilia; Palermo
Location of affected unit(s)
Termini Imerese
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction Of Buildings

183 jobs
Number of planned job losses
Job loss
Announcement Date
8 August 2024
Employment effect (start)
8 August 2024
Foreseen end date

Description

The Pelligra Group, an Italian-Australian enterprise led, has won the bid to reconvert the former Blutec plant in Termini Imerese, near Palermo. To support this initiative, the government of the Sicilian Region has approved a 30 million euro allocation from the European Social Fund.

Of the 523 workers currently on layoff, 183 will be offered early retirement through an "isopensione" scheme, while the Pelligra Group will hire the remaining 350 employees. The Sicilian Region has committed to support the retraining of these newly hired workers, ensuring a smooth transition and addressing the needs of all affected staff members.

This solution is supported by all parties involved, because it aims to end the uncertainty for the workers and their families, preventing collective dismissal.

The plant's acquisition by Blutec, in 2016 had followed the withdrawal of the previous owner, FIAT. This restructuring case can be found here: Blutec 2016 - IT


Sources

Citation

Eurofound (2024), Pelligra Group, Merger/Acquisition in Italy, factsheet number 201538, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201538.