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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
265 jobs Number of planned job losses
Announcement Date
27 October 2009
Employment effect (start)
Foreseen end date
31 October 2010
Description
Carraro, a multinational global leader in production of power transmission systems, is to cut 265 jobs at its main plant located at Campodarsego, in the province of Padua. The restructuring process is expected to be concluded by the end of 2010. In Campodarsego, Carraro employs 650 workers.
According to the company, the restructuring is due to the relevant reduction in turnover registered during the recent economic crisis. The trade unions reacted to the company's decision proposing the recourse to the job security agreement, instead of collective dismissals. In the next months the company and the trade unions should meet in order to find shared measures to tackle the negative effects derived from the economic crisis.
Carraro group manufactures components and transmission systems for agricultural and earth-moving machines. It has 4,200 employees, and plants in Argentina, China, Germany, India, Italy, Poland, and the United States.
Sources
28 October 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Carraro, Internal restructuring in Italy, factsheet number 69760, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69760.
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