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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
168 jobs Number of planned job losses
Announcement Date
27 January 2005
Employment effect (start)
Foreseen end date
Description
The textile group Franzoni Filati announced a restructuring plan including the closure of the Albano plant (88 workers) and 80 further job cuts at Esine and Trani. The plan has been motivated by the increasing competition coming from Far East producers and the need to concentrate on high value-added products. An agreement has been reached by the company management and the unions to use the special wages guarantee fund for one year.
Sources
27 January 2005: Il Sole 24 Ore
Citation
Eurofound (2005), Franzoni Filati, Internal restructuring in Italy, factsheet number 61362, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61362.
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