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 24.42 - Aluminium production
120 jobs Number of planned job losses
Announcement Date
25 September 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Stampal, an aluminium forging company, is to cut 120 jobs with the closure of its plant located at Borgaro, in the province of Turin. The trade unions reacted to the company decision by going on strike; moreover, they intend to involve the national and local authorities in order to avoid the redundancies and find some entrepreneurs who are interested in buying the plant. Stampal produces aluminium components for the car industry. It works for a wide range of customers, such as Fiat, Ferrari, Magneti Marelli and McLaren.
Sources
26 September 2008: La Stampa
Citation
Eurofound (2008), Stampal, Closure in Italy, factsheet number 67187, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67187.
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