The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.23 - Manufacture Of Paper Stationery
195 jobs Number of planned job losses
Announcement Date
4 October 2024
Employment effect (start)
1 January 2025
Foreseen end date
Description
Giano 1264, a company of the Fedrigoni group operating in the production of Fabriano paper, has declared its intention to shut down operations at one of its facilities. This decision will result in job losses for workers across various departments, including production, maintenance, logistics, and administrative roles.
The plants produce special paper of certified pure cellulose used in various office areas, including photocopiers, fax machines and laser printers.
The group's decision stems from the excessively low margins found in the industry, coupled with a drop in market demand.
Following the decision, the Ministry of Enterprise and Made in Italy will convene a meeting to try to find a solution to mitigate the impact of the decision to close.
Eurofound (2024), Giano 1264, Closure in Italy, factsheet number 201711, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201711.
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