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 24.51 - Casting of iron
109 jobs Number of planned job losses
Announcement Date
7 October 2009
Employment effect (start)
Foreseen end date
30 November 2010
Description
Rapisarda Industries is to close with the consequent loss of 109 jobs. The plant is located at Cernusco sul Naviglio, in the province of Milan, and it produces high-pressure pipes.
Rapisarda Industries belongs to the Caterpillar group, which is the world's largest maker of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.
At the beginning of November 2009, the trade unions, the company and the local authorities reached an agreement that provides for some measures intended to cushion the harmful effects on redundant workers. In particular, the agreement envisages the recourse to an extraordinary Wage Guarantee Fund scheme for one year, economic incentives for voluntary resignations, and the possibility to access to programmes of retraining and skills updating.
Sources
16 November 2009: Il Giorno
Citation
Eurofound (2009), Rapisarda Industries, Closure in Italy, factsheet number 69845, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69845.
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