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 Wearing Apparel 14.14 - Manufacture of underwear
142 jobs Number of planned job losses
Announcement Date
10 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
Description
Golden Lady, a leading company in women’s hosiery market, is to close its plant at Valdobbiadene, in the province of Treviso, with the loss of 142 jobs. According to the company, the closure is mainly due to the economic crisis and the need to reduce operative costs.
The trade unions planned a meeting with the company and the local authorities in order to find adequate measures to cope with the economic crisis which is affecting the textile sector and, in particular, a number of manufacturing companies located in the Veneto region. As of November 2008, there is no information on the outcomes of negotiations between trade unions, management and local authorities.
Golden Lady was founded in 1967 in Castiglione delle Stiviere (province of Mantua) and nowadays it is a leading company in both Italian and international women’s hosiery market. In Italy, it has 10 plants and around 3,500 employees.
Sources
19 November 2009: Il Sole 24 Ore
Citation
Eurofound (2008), Golden Lady, Closure in Italy, factsheet number 67515, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67515.
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