Internal restructuring
Nord Ovest; Liguria; Genova
Location of affected unit(s)
Sestri Ponente
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30.11 - Building of ships and floating structures

330 jobs
Number of planned job losses
Job loss
Announcement Date
16 February 2012
Employment effect (start)
1 March 2012
Foreseen end date
1 March 2014


Fincantieri, an Italian shipbuilding group, is to cut 330 jobs at the shipyard of Sestri Ponente (in the province of Genoa), which employs 740 workers.

After some months of negotiations, the company and the trade unions, with the support of the Ministry of Economic Development, reached an agreement on the 2012-14 industrial plan for the Sestri Ponente shipyard. The agreement envisages that the 330 job cuts will be carried out on a voluntary basis.

In particular, the agreement envisages the recourse to the extraordinary Wage Guarantee Fund (WGF) for two years, mobility allowances at the end of the WGF scheme and economic incentives for voluntary dismissals. Moreover, the redundant workers will be given access to training and outplacement services.

This follows restructuring at other Italian shipyards. In December Fincantieri had announced to cut 140 jobs at the shipyard of Palermo (see here).


  • 18 February 2012: La Repubblica
  • 17 February 2012: Il Sole 24 Ore


Eurofound (2012), Fincantieri, Internal restructuring in Italy, factsheet number 73147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73147.