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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
162 jobs Number of planned job losses
Announcement Date
28 July 2004
Employment effect (start)
Foreseen end date
Description
Facing an important financial crisis, the company has announced a restructuring plan which involves the closure of some of its plants and offices, with a total reduction of 162 employees. By the end of September 2004, the opening of a bankruptcy procedure was becoming increasingly likely. The Finmatica Group operates in 12 countries and has some 900 employees worldwide, of which 570 in Italy.
Sources
28 September 2004: Il Sole 24 Ore
29 July 2004: Il Sole 24 Ore
Citation
Eurofound (2004), Finmatica, Internal restructuring in Italy, factsheet number 60558, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60558.
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