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 (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
270 jobs Number of planned job losses
Announcement Date
20 February 2002
Employment effect (start)
Foreseen end date
Description
Tecumseh Europa, part of the US-based multinational company Tecumseh, and producer of motors for lawn-mowers, announced after one year of ordinary wages guarantee fund a restructuring plan which includes the use of the special wages guarantee fund for one year and 270 redundancies.
Sources
20 February 2005: La Stampa
Citation
Eurofound (2002), Tecumseh Europa, Internal restructuring in Italy, factsheet number 61360, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61360.