Restructuring events
European Restructuring Monitor (ERM)
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.
Manifattura Valle Brembana, a textile firm located in Zogno (Bergamo), is to close and lay off its 310 employees. The affected workers are mainly women aged between 40 and 45 years.
The company has been declared bankrupt by the Tribunal of Bergamo, following an 9-year long crisis and an intensive use of short-time working schemes.
Unions called public authorities to take action and wish investors interested in purchasing the plant will be found.
Eurofound (2014), Manifattura Valle Brembana, Bankruptcy in Italy, factsheet number 91321, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91321.