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 Other Transport Equipment 30.12 - Building of pleasure and sporting boats
550 jobs Number of planned job losses
Announcement Date
20 November 2012
Employment effect (start)
1 January 2013
Foreseen end date
Description
Azimut-Benetti, Italian manufacturer of yachts and mega-yachts, has announced 550 job cuts.
The company is to close its plant in Sariano di Gropparello (province of Piacenza), with the consequent loss of 200 jobs. Moreover, the company is planning 350 job cuts (out of 1,150) at Avigliana site, in the province of Turin. According to the company, the reorganization plan is due to the economic crisis and the consequent fall in demand.
Azimut-Benetti operates worldwide and it is the largest private group in the yachting sector. In Italy it has around 2,000 employees.
Sources
29 December 2012: Piacenza24
21 November 2012: Conquiste del Lavoro
Citation
Eurofound (2012), Azimut-Benetti, Internal restructuring in Italy, factsheet number 74609, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74609.
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