Restructuring events
European Restructuring Monitor (ERM)
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.
Sielte is to cut 470 jobs out of around 1500.
According to the company the job-cuts are due to the recent drop in profits and to the delays in public investments for the big broadband technologies. The trade unions reacted to the company's decision by organising several protest actions and asking the government's involvement in order to start new investments in infrastructures for technologies.
Sielte is one of the leading Italian companies in engineering and implementing solutions for telecommunications, technological and energy systems.
Eurofound (2011), Sielte, Internal restructuring in Italy, factsheet number 72524, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72524.