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 Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
650 jobs Number of planned job losses
Announcement Date
14 July 2004
Employment effect (start)
Foreseen end date
Description
The closure of the blast furnace area of the Cornigliano plant has been at the centre of negotiations between the company management, the unions and local and national political authorities for more than two years. In July 2004 an agreement was reached on how to manage the redundancies linked to the closure: some 100 workers will be dismissed through a mobility procedure which will enable them to reach retirement age; some 250 will be redeployed in other positions within the plant; some 300 will be outplaced and employed in the activities linked to the decontamination of the blast furnace area and later hired by the firms which will start to operate in the new production and service activities which will be established in the area, in the framework of a special ‘re-industrialisation' programme.
Sources
15 July 2004: Il Sole 24 Ore
Citation
Eurofound (2004), Ilva, Internal restructuring in Italy, factsheet number 60556, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60556.
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