Type
Closure
Country
Italy
Region
Nord Est; Veneto; Treviso
Location of affected unit(s)
Castelfranco Veneto
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

180 jobs
Number of planned job losses
Job loss
Announcement Date
19 November 2010
Employment effect (start)
31 March 2011
Foreseen end date

Description

Fervet, a company which operates in construction, revamping and restyling of trains, is to close its plant located in Castelfranco Veneto (in the province of Treviso), with the loss of 180 jobs. According to the company, the closure is due to the decline in orders. The company had already obtained the recourse to the Wage Guarantee Fund schemes for the employees. The schemes will finish in March 2011 and consequently the collective dismissal procedures will start in the same period. The trade unions have asked the involvement of national and local authorities in order to find alternative work solutions for the company's employees or entrepreneurs who are interested in investing in the area.


Sources

  • 21 November 2010: La Tribuna di Treviso

Citation

Eurofound (2010), Fervet, Closure in Italy, factsheet number 71444, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71444.