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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
469 - 470 jobs Number of planned job losses
Announcement Date
16 June 2011
Employment effect (start)
1 September 2011
Foreseen end date
Description
Sielte is to cut 470 jobs out of around 1500.
According to the company the job-cuts are due to the recent drop in profits and to the delays in public investments for the big broadband technologies.
The trade unions reacted to the company's decision by organising several protest actions and asking the government's involvement in order to start new investments in infrastructures for technologies.
Sielte is one of the leading Italian companies in engineering and implementing solutions for telecommunications, technological and energy systems.
Sources
16 June 2011: Conquiste del Lavoro
Citation
Eurofound (2011), Sielte, Internal restructuring in Italy, factsheet number 72524, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72524.
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