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 - Manufacture of basic metals
132 jobs Number of planned job losses
Announcement Date
1 July 2009
Employment effect (start)
1 July 2009
Foreseen end date
1 July 2010
Description
Lares, one of the main European manufactures of printed wiring boards, is to close, with the consequent loss of 132 jobs. In July 2009, the company's owner announced the procedure of bankruptcy for both the Lares and the Metalli Preziosi, a company with the same ownership and that employs 120 workers.
After a period of unsuccessful negotiations between the companies' owner, the trade unions and local authorities, on 14 September five workers have organised a sit-in on the roof of the Metalli Preziosi plant. The workers are worried about their future: at the end of the 'extra-ordinary' Wage Guarantee Fund scheme (that will last until the 2010) they will definitively loss their jobs if any entrepreneurs decide to buy the two companies.
In the next days, there will be further meetings, which will involve also the Minister of Economic Development in order to find measures both to avoid the closure of Lares and Metalli Preziosi and reduce the negative social effects for workers.
In the last months, in different areas of Italy, there were other cases of 'unusual' protest actions developed by workers in order to preserve their jobs.
Sources
15 September 2009: La Repubblica
Citation
Eurofound (2009), Lares, Bankruptcy in Italy, factsheet number 69533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69533.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
