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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.21 - Manufacture of plastic plates, sheets, tubes and profiles
120 jobs Number of planned job losses
Announcement Date
16 January 2020
Employment effect (start)
31 March 2020
Foreseen end date
Description
The adhesive tape company Vibac announced the opening of a collective dismissal procedure for the 120 employees of its production plant in Vinci, in the Florence metropolitan area, which the company wants to close.
The announcement came very unexpectedly after the recent agreement on the relaunch of the company and the investment of over €2 million for the purchase of a new production line.
Right after the company's announcement, the trade unions called for an assembly of the workers aimed at discussing collective responses to the company's plan.
Vinci's production facility was taken over in 2011, when Vibac bought it from the now bankrupt Syrom, a competitor in the adhesive tape sector.
Eurofound (2020), Vibac, Closure in Italy, factsheet number 99748, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99748.
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