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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
120 jobs Number of planned job losses
Announcement Date
24 March 2016
Employment effect (start)
Foreseen end date
31 August 2016
Description
Italian tyre manufacturer Marangoni is to dismiss 120 workers at the site in Rovereto (Trento). The company attributed the dismissals to the recent economic crisis and particularly the increasing competition from China.
Workers are already availing of the Extraordinary Wages Guarantee Fund. Meetings are ongoing between the company, trade unions and representatives of the province of Trento.
The first 80 layoffs will begin in August 2016, when the public subsidies are expected to end. The other 40 job cuts will occur in the following months. The company is however considering alternatives to direct dismissals, including voluntary exits especially for older workers, and outplacement programmes aimed at relocating a limited number of employees to other sites within the group, either in Italy or abroad.
According to the unions, the proposals put forward by the management are limited and further negotiations are sought to find a joint solution to avoid dismissals.
Sources
15 April 2016: Il Sole 24 Ore
24 March 2016: Trento today
Citation
Eurofound (2016), Marangoni, Internal restructuring in Italy, factsheet number 87315, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87315.
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