Type
Internal restructuring
Country
Italy
Region
Nord Ovest; Lombardia; Milano
Location of affected unit(s)
Magenta
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20.6 - Manufacture of man-made fibres

50 jobs
Number of planned job losses
Job loss
Announcement Date
15 October 2003
Employment effect (start)
Foreseen end date

Description

The company Novaceta has been recently acquired by the Group G.Z. Polo and will soon renamed as 'Bembergace'. The new management announced a reorganisation plan which will involve 50 redundancies among management and the movement of some clerical staff to Gozzano (NO) and Rieti, as well as the sale of a power generation plant.


Sources

  • 16 October 2003: Corriere della sera

Citation

Eurofound (2003), Novaceta, Internal restructuring in Italy, factsheet number 59865, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59865.