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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
480 jobs Number of planned job losses
Announcement Date
23 June 2008
Employment effect (start)
Foreseen end date
31 August 2008
Description
The Nicoletti - one of the leading designers and manufacturers of upholstered furniture in the Matera industrial district– is to close, with the consequent loss of 480 jobs. The company has taken this decision after some years of financial problems, mainly due to the economic crisis affecting the Italian sofa industry.
The trade unions are demanding to meet the company’s representatives in order to find adequate measures for the redundant workers; moreover, the trade unions are worried about the negative impacts of lay-offs on the local network of small and medium firms that emerged and developed around the Nicoletti plant.
Sources
24 June 2008: Il Sole 24 Ore
Citation
Eurofound (2008), Nicoletti, Closure in Italy, factsheet number 66799, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66799.
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