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.
Arts / Entertainment Arts, Entertainment And Culture Gambling And Betting Activities 92 - Gambling and betting activities
120 - 170 jobs Number of planned job losses
Announcement Date
10 March 2006
Employment effect (start)
Foreseen end date
Description
The Valle dAosta Region is the largest shareholder of the Casinò de la Vallée, one of the main European casinos. In March 2006, the Region announced a company reorganisation plan that envisages the shedding of 120 to 170 jobs. The decision has been taken in response to market dynamics and the aim is to reduce the labour costs. The Valle dAosta Region, before implementing the business plan, aims to reach an agreement with the trade unions on the measures that may cushion the effects of restructuring and redundancies, such as income support measures that do not involve outright dismissal, economic incentives for voluntary resignation, as well as training and retraining courses for the workers affected by the reorganisation process.
Sources
11 March 2006: La Stampa
Citation
Eurofound (2006), Casinò de la Vallée, Internal restructuring in Italy, factsheet number 63165, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63165.
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