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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job losses
Announcement Date
19 February 2005
Employment effect (start)
Foreseen end date
Description
Itca, a manufacturer of components for cars and motor vehicles, is experiencing significant difficulties. The company has been recently sold to new owners and some 400 employees are benefiting of the wages guarantee fund. The company management announced 200 redundancies out of 500 employees of the Cassino plant, which works essentially for the Fiat plant also located in Cassino.
Sources
1 March 2005: La Stampa
19 February 2005: La Stampa
Citation
Eurofound (2005), Itca, Internal restructuring in Italy, factsheet number 61361, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61361.
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