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 - Manufacture of wearing apparel
172 jobs Number of planned job losses
Announcement Date
7 July 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
Diadora, an Italian sportwear company, is to cut 172 jobs. In 2009, the company, which suffered economic and financial crisis, has been bought by the LIR, the Mario Moretti Polegato's personal investment company. Mr Polegato is the founder and chairman of shoe retailer Geox.
In July 2009, the new owner and the trade unions reached an agreement that envisages the recourse to the 'extra-ordinary' Wage Guarantee Fund for the 172 redundant workers. The new Diadora will have around 150 employees.
Sources
19 July 2009: Il Sole 24 Ore
8 July 2009: Just-style.com
Citation
Eurofound (2009), Diadora, Internal restructuring in Italy, factsheet number 69433, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69433.
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