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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.19 - Other retail sale in non-specialised stores
466 - 500 jobs Number of planned job losses
Announcement Date
18 March 2018
Employment effect (start)
Foreseen end date
Description
DPS Group, which owns 43 of the 200 stores of the Italian electronics retailer Trony, announced the beginning of a layoff procedure for 466 workers employed in 35 of its department stores. The announcement was made during a meeting with the trade unions at the Ministry of Economic Development on 5 April 2018, in the frame of the company's brankruptcy procedure started on 16 March. Since then, the workers have been suspended from duty without compensation due to the closure of the stores.
Sources
19 March 2018: La Repubblica
6 April 2018: Rassegna Sindacale
6 April 2018: settegiorni.it
Citation
Eurofound (2018), DPS Group, Bankruptcy in Italy, factsheet number 93773, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93773.
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