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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.20 - Construction of residential and non-residential buildings
170 jobs Number of planned job losses
Announcement Date
29 March 2017
Employment effect (start)
15 May 2017
Foreseen end date
Description
Unieco, a cooperative active in the construction sector, will dismiss its remaining 170 workers.
The decision follows the failure of debt negotiations with creditor banks aimed at avoiding the bankruptcy of the cooperative. The cooperative will now be handed over to a liquidator.
The dismissals will affect half of the staff, being the other half subject to the collective dismissal procedure concluded last month (see UniecoIT-2016).
Workers have to grapple with the other consequences of the bankruptcy, such as unpaid contributions and other credits, including loans to the cooperative.
Sources
30 March 2017: Il Resto del Carlino
30 March 2017: Gazzetta di Reggio
7 April 2017: Il Fatto Quotidiano
Citation
Eurofound (2017), Unieco, Bankruptcy in Italy, factsheet number 91221, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91221.
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