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.
Burgo, an Italian producer of coated papers, is to close its paper factory located in Mantua, with the consequent loss of 188 jobs.
According to the company, the closure is mainly due to the low profits earned from the production in Mantua. The unit is the only newsprint paper manufacturer in Italy.
The trade unions and the local authorities have requested meetings with the company in order to find alternative solutions to the closure of the historic paper factory with 111 years of presence in Mantua.
Eurofound (2013), Cartiera Burgo, Closure in Italy, factsheet number 74786, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74786.
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