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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
127 jobs Number of planned job losses
Announcement Date
6 May 2010
Employment effect (start)
Foreseen end date
31 December 2011
Description
Olimpias, an Italian textile company, is to close its plant located at Grumolo delle Abbadesse (in the province of Vicenza), with the consequent loss of 127 jobs. According to the company, the closure is mainly due to the loss of its main customer, i.e. Benetton, which decided to address its orders to other textile companies.
Olimpias group provides customers with a broad range of textile products and services. It refines several textile raw materials and semi-worked fabrics.
Sources
10 May 2010: La Repubblica
Citation
Eurofound (2010), Olimpias, Closure in Italy, factsheet number 70533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70533.
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