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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
181 jobs Number of planned job losses
Announcement Date
4 June 2003
Employment effect (start)
Foreseen end date
1 January 2004
Description
On the 12th of June, the Italian Ministry of Employement has approved the long-term mobility plan concerning 181 workers of Teksid's establishment of Crescentino.
Teksid is involved on the manufacture of basic iron and steel and of ferro-alloys
business. During the last months, Teskid has recorded a decrease of 30% of its production.
The direction had announced the dismissal of 389 workers but the accord signed by the trade union concerned the reducion of 181 jobs.
The mobility plan will be completed before 2004.
Sources
1 August 2003: La Stampa
Citation
Eurofound (2003), Teksid, Internal restructuring in Italy, factsheet number 60085, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60085.
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