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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
165 jobs Number of planned job losses
Announcement Date
16 February 2009
Employment effect (start)
30 June 2009
Foreseen end date
Description
Sat, a company leader in lead-frames production for several sectors, is to close, with the consequent loss of 165 jobs.
Trade unions are trying to involve national and local authorities in order to avoid the closure.
Sat stamps different kind of material (steel and various copper alloys) for several markets (automotive, electronic, commodities and electric engine).
Sources
20 March 2009: Il Diario del lavoro
Citation
Eurofound (2009), SAT, Closure in Italy, factsheet number 68601, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68601.
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