Pramac

Type
Bankruptcy
Country
Italy
Region
Centro (IT); Toscana; Siena
Location of affected unit(s)
Casole d’Elsa
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.1 - Manufacture of electronic components and boards
26.11 - Manufacture of electronic components
230 jobs
Number of planned job losses
Job loss
Announcement Date
1 June 2012
Employment effect (start)
2 July 2012
Foreseen end date

Description

Pramac, manufacturer of power generation equipment, has announced the winding-down of its plant located at Casole d'Elsa, in the province of Siena. This will result in 230 redundancies.

Local authorities and trade unions hope to develop an alternative industrial reorganisation plan with the aim to guarantee current employment levels and new industrial investments.

Sources

  • 1 June 2012: valdelsa.net

Citation

Eurofound (2012), Pramac, Bankruptcy in Italy, factsheet number 73674, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73674.