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.
Administrative Services Rental And Leasing Activities Rental And Leasing Of Motor Vehicles 77.11 - Rental and leasing of cars and light motor vehicles
141 jobs Number of planned job losses
Announcement Date
5 October 2015
Employment effect (start)
20 December 2015
Foreseen end date
18 April 2016
Description
Italian car rental group Maggiore is to dismiss 141 employees. The management attributed the job cuts to a forecasted decrease in revenues. However trade unions claim that Avis Budget, the parent company which has recently acquired Maggiore, is hiring new personnel whilst implementing collective dismissals. According to the unions, Avis Budget group is fraudulently replacing older workers with less costly young employees in breach of the law on collective redundancies. In addition, trade unions denounce that the company's alleged financial problems are essentially not existent as the latest budgets reported profits.
The company employs a total of 287 workers on the Italian market, of whom 120 are employed at the Rome site.
Sources
30 September 2015: Il Tempo
7 October 2015: La Repubblica
3 March 2015: Lettera 43
Citation
Eurofound (2015), Maggiore, Internal restructuring in Italy, factsheet number 85019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85019.
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