Caffaro

Type
Bankruptcy
Country
Italy
Region
Location of affected unit(s)
Torviscosa, Brescia
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
400 jobs
Number of planned job losses
Job loss
Announcement Date
16 January 2009
Employment effect (start)
31 March 2009
Foreseen end date

Description

Caffaro, an Italian chemical company, is going into liquidation with the loss of 400 jobs. The affected workers are employed at the Torviscosa plant (260 workers) and the Brescia plant (140 workers). 

Caffaro belongs to the Snia group, which is headquartered in Milan and has operating units in the European Union, the United States, Australia and Japan.

Sources

  • 16 January 2009: Il Giornale
  • 2 February 2009: Rassegna on line
  • 1 October 2009: Il Sole 24 Ore

Citation

Eurofound (2009), Caffaro, Bankruptcy in Italy, factsheet number 68423, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68423.