Type
Internal restructuring
Country
Italy
Region
Sud; Puglia; Bari
Location of affected unit(s)
Santeramo in Colle
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture

345 jobs
Number of planned job losses
Job loss
Announcement Date
3 October 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 March 2004

Description

In order to relaunch the competitiveness of the group, one of the worldÂ’s leading designer and

manufacturer of upholstered furniture, the board od directors announced a reorganisation plan in early September 2003. The plan includes a 345 job reductions at the Santeramo in Colle location, mainly concentrated in administrative and technical staff. The company management affirmed that it is willing to redeploy some of these people in other positions and is ready to start consultations with the unions to examine the use of 'social shock absorbers' for actual redundancies. The unions expressed some concerns over the propsects of occupational levels in Italy, also in consideration of the recent opening of production sites in China, Brasil and Romania.


Sources

  • 4 October 2003: Il Sole 24 Ore

Citation

Eurofound (2003), Natuzzi, Internal restructuring in Italy, factsheet number 59921, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59921.