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 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
New offshoring locations
148 jobs Number of planned job losses
Announcement Date
26 October 2012
Employment effect (start)
31 December 2012
Foreseen end date
Description
Sertubi, a manufacturer of steel tubes and pipes, is to cut 148 jobs, out of 208, at its plant located in Trieste.
Sertubi used to belong to Duferco group, but after heavy losses, the plant was recently leased to the Indian Jindal group. The production of tubes and pipes will be offshored to India and the Trieste site will focus on storage and business activities. As a result, only 60 employees will be able to keep their jobs.
Sources
30 October 2012: Il Piccolo
Citation
Eurofound (2012), Sertubi, Offshoring/Delocalisation in Italy, factsheet number 74413, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74413.
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