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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
1,200 jobs Number of planned job losses
Announcement Date
14 June 2005
Employment effect (start)
Foreseen end date
30 June 2006
Description
The StMicroelectronics reorganisation plan in Italy will involve some 1,200 redundancies in the province of Milan (1,000 jobs) and at the Catania plant (210 jobs). The company will provide incentives for voluntary dismissals and support other measures, such as the change to part-time employment, spin-offs and 'mobility procedures' to accompany workers close to retirement age, with a view to reduce the social impact of the reorganisation process
Eurofound (2005), STMicroelectronics, Internal restructuring in Italy, factsheet number 61910, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61910.
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