Type
Bankruptcy
Country
Italy
Region
Sud; Campania; Salerno
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.31 - Urban and suburban passenger land transport

603 jobs
Number of planned job losses
Job loss
Announcement Date
17 July 2012
Employment effect (start)
1 August 2012
Foreseen end date

Description

CSTP, the public transport company operating in Salerno, is to close, with the consequent loss of 603 jobs. In July the administrators have started the procedures for the collective dismissals of the employees.


Sources

  • 24 July 2012: Il Corriere del Mezzogiorno

Citation

Eurofound (2012), CSTP, Bankruptcy in Italy, factsheet number 74016, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74016.