Itca

Type
Internal restructuring
Country
Italy
Region
Centro (IT); Lazio; Frosinone
Location of affected unit(s)
Cassino
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
200 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/61361.