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 - Construction of buildings
214 jobs Number of planned job losses
Announcement Date
30 September 2015
Employment effect (start)
7 January 2016
Foreseen end date
7 January 2016
Description
Cesi, a large construction cooperative based in Imola and operating mainly in Northern Italy, is to dismiss 214 employees.
The company has been under insolvency proceeding since July 2014 due to its large debts towards banks and suppliers. Its headcount sharply shrank since then, from about 400 workers to the remaining 232.
The liquidator is now to shut down the cooperative and sell its assets. The workers are to leave the company on 7 January 2017 and will receive the ordinary unemployment benefits.
Unions took part in negotiations without reaching an agreement with the liquidator. Unions asked also public authorities and cooperatives’ organisations to issue a table addressing jointly the condition of crisis of local construction cooperatives.
Sources
10 July 2014: La Repubblica
11 July 2014: Bologna Today
4 December 2016: Sabato Sera
Citation
Eurofound (2015), CESI, Bankruptcy in Italy, factsheet number 91224, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91224.
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