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.
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.
Eurofound (2012), Sertubi, Offshoring/Delocalisation in Italy, factsheet number 74413, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74413.