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 29.1 - Manufacture of motor vehicles
680 - 681 jobs Number of planned job losses
Announcement Date
10 July 2011
Employment effect (start)
31 October 2011
Foreseen end date
Description
At the beginning of July 2011 Irisbus announced the loss of 680 jobs due to the closure of its plant located at Valle Ufita (in the province of Avellino).
Irisbus is a manufacturer of urban and extra-urban buses belonging to the Iveco-Fiat group.
According to the company the closure is due to the drop in orders following the economic crisis. After the involvement of the Ministry of Economic Development, at the end of July a car-maker expressed interest in investing new resources in the industrial site of Valle Ufita. On 13 September the entrepreneur has renounced to invest in the Valle Ufita industrial area.
Consequently in the next months Irisbus should start the procedures of closure and collective dismissals.
Sources
14 September 2011: La Repubblica
Citation
Eurofound (2011), Irisbus, Closure in Italy, factsheet number 72355, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72355.
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