KSM

Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Palermo, Caltanissetta, Enna, Agrigento
Sector
Administrative Services
Security And Investigation Activities
Private Security Activities
80.1 - Private security activities
100 jobs
Number of planned job losses
Job loss
Announcement Date
26 March 2014
Employment effect (start)
26 April 2014
Foreseen end date
31 December 2014

Description

KSM, a private surveillance firm, has announced it will cut 100 jobs in Sicily. The jobs cuts will affect security guards employed by KSM. KSM will cut jobs at the sites in Palermo (50), Caltanissetta (25), Enna (15) and Agrigento (10).

According to the media source, the job cuts result from growing competition in the market and shrinking demand for their services.

The media source reports that trade union and company representatives are negotiating and they hope to reach an agreement about unemployment benefits and early retirement.

Sources

  • 26 March 2014: Il Giornale di Sicilia
  • 27 March 2014: La Repubblica
  • 6 August 2014: ADN Kronos
  • 29 October 2014: Il Giornale di Sicilia

Citation

Eurofound (2014), KSM, Internal restructuring in Italy, factsheet number 76879, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76879.