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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
345 jobs Number of planned job losses
Announcement Date
3 October 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 March 2004
Description
In order to relaunch the competitiveness of the group, one of the world's leading designer and
manufacturer of upholstered furniture, the board od directors announced a reorganisation plan in early September 2003. The plan includes a 345 job reductions at the Santeramo in Colle location, mainly concentrated in administrative and technical staff. The company management affirmed that it is willing to redeploy some of these people in other positions and is ready to start consultations with the unions to examine the use of 'social shock absorbers' for actual redundancies. The unions expressed some concerns over the propsects of occupational levels in Italy, also in consideration of the recent opening of production sites in China, Brasil and Romania.
Sources
4 October 2003: Il Sole 24 Ore
Citation
Eurofound (2003), Natuzzi, Internal restructuring in Italy, factsheet number 59921, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59921.
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