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.
On October 31, 2018, the chemical company Miteni announced the start of the collective dismissal procedure for all the 121 workers employed at the Trissin plant, in the province of Vicenza (Veneto region).
Miteni was investigated for the pollution of groundwater from perfluoroalkyl substances (Pfas). According to the company's management, the financial costs deriving from the investigations had an important impact on the budget and made it difficult the access to credit from local banks, "worried about the company's reputation". On October 26, 2018, the management decided to declare bankruptcy and to close the seat, suspending production activities by the end of the year.
Due to the unexpected decision, workers and trade unions declared a strike.
Eurofound (2018), Miteni, Bankruptcy in Italy, factsheet number 95721, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95721.