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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
140 jobs Number of planned job losses
Announcement Date
19 April 2003
Employment effect (start)
1 April 2003
Foreseen end date
1 June 2003
Description
140 employees will be involved in an Extraordinary wage guarantee scheme for a period of 13 weeks. After this period such employees may be dismissed or may restart to work. The extraordinary wages guarantee fund (cassa integrazione guadagni, Cig)is a scheme which pays a state benefit to workers whose employment is suspended by firms undertaking restructuring as a result of severe structural difficulties.
Whereby a 'mobility' scheme, redundant workers receive a state allowance and benefit from various measures to help them find work.
Sources
Citation
Eurofound (2003), Italian Wind Technology, Internal restructuring in Italy, factsheet number 60198, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60198.
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