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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
140 jobs Number of planned job creations
Announcement Date
30 July 2009
Employment effect (start)
1 September 2009
Foreseen end date
1 September 2012
Description
Fiamm, a leading manufacturer of automotive components and industrial batteries, is to create 140 jobs by the end of 2012. The company and the trade unions reached an agreement that envisages EUR 45 million of investments in order to improve the productive activities at the Vicenza and Avezzano plants (in the province of L'Aquila).
The new industrial plan provides for 140 new jobs, of which 110 at the Avezzano plant (220 employees), and 30 at the Vicenza plant (155 employees). Moreover, the plan envisages a reduction of the labour's costs (around -20%), with the introduction in the company-level agreement of new variable components of pay, mainly linked to productivity, and, at the same time, the suppression of some fixed allowances, included in the previous company level agreement.
Fiamm is world leader in the market of acoustic signals. It operates in sixty countries, with around 3,000 employees worldwide.
Sources
31 July 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Fiamm, Business expansion in Italy, factsheet number 69434, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69434.
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