Type
Internal restructuring
Country
Italy
Region
Sud; Basilicata; Matera
Location of affected unit(s)
Matera
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture

135 jobs
Number of planned job losses
Job loss
Announcement Date
19 June 2008
Employment effect (start)
1 July 2008
Foreseen end date

Description

Incanto, one of the main Italian upholstered sofas manufactures, is to cut 135 jobs (out of 270) at its plant located in Matera. The company has taken this decision in order to reduce its operative costs to cope with increasing global competitors. The trade unions are worried about both the negative social effects that will affect redundant workers and the economic crisis that concerns the entire sector.


Sources

  • 19 June 2008: Il Diario del lavoro

Citation

Eurofound (2008), Incanto, Internal restructuring in Italy, factsheet number 66776, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66776.