Restructuring events
European Restructuring Monitor (ERM)
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.
Teuco Guzzini, Italian leaders in the production of hydro-massages bathtubs and showers, is to cut 152 jobs at its plant located in Macerata.
The plant employs 350 workers.
According to the company, the job-cuts are mainly due to the fall in profits. In the last years, the company had already asked for the Wage Guarantee Fund schemes and "solidarity agreements" in order to avoid job losses.
The trade unions have requested to meet the company's representatives in order to find alternative solutions to the job-cuts.
Eurofound (2012), Teuco Guzzini, Internal restructuring in Italy, factsheet number 73404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73404.
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