Type
Closure
Country
Italy
Region
Nord Ovest; Piemonte; Torino
Location of affected unit(s)
Torino
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

171 jobs
Number of planned job losses
Job loss
Announcement Date
12 July 2008
Employment effect (start)
Foreseen end date
30 September 2008

Description

Urmet, a leading IT company, is to close its plant in Turin, with the loss of 171 jobs by the end of September 2008. 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 the negative social effects that will affect the redundant workers; for this reason they have announced several industrial actions. The company operates in the telecommunications sector and has around 3,000 employees worldwide.


Sources

  • 13 July 2008: La Stampa

Citation

Eurofound (2008), Urmet, Closure in Italy, factsheet number 66854, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66854.