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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
348 jobs Number of planned job losses
Announcement Date
14 June 2009
Employment effect (start)
30 September 2009
Foreseen end date
30 September 2011
Description
Pirelli Tyre, a manufacturer of tyres, has announced that 348 jobs will be lost in Turin, Italy.
The job losses come after an agreement with the main sectoral trade unions on the reorganisation of its plants located at Turin. The agreement was based on the closure of two old plants and the subsequent creation of a new advanced site in Settimo Torinese, in the province of Turin. The new industrial site will employ 1,240 employees, while slightly fewer than 1,590 workers were employed in the two old plants, meaning that 348 jobs will be lost.
The new site will be operative in 2010. In the meantime, the employees will benefit from the extraordinary Wages Guarantee Fund scheme for industrial restructuring. All of the 1,240 employees should be employed in the new site within the 2011. Moreover, Pirelli Tyre will invest EUR 155 million in research and development programs.
Pirelli Group has around 31,000 employees worldwide. Its two main divisions are Pirelli RE and Pirelli Tyre. Pirelli RE operates in the real estate sector and employs around 1,200 people in Italy. Pirelli Tyre has 24 manufacturing plants in 12 countries and around 25,169 employees worldwide. In Italy, Pirelli Tyre has around 4,000 employees.
Sources
15 June 2009: Il Diario del lavoro
Citation
Eurofound (2009), Pirelli Tyre, Internal restructuring in Italy, factsheet number 69201, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69201.
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