Type
Bankruptcy
Country
Italy
Region
Nord Est; Emilia-Romagna; Reggio nell\'Emilia
Location of affected unit(s)
Cavriago
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14 - Manufacture of wearing apparel

132 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2013
Employment effect (start)
1 June 2013
Foreseen end date

Description

Mariella Burani, an Italian fashion company, is to close its plant located at Cavriago (in the province of Reggio Emilia), with the consequent loss of 132 jobs.

The company was declared bankrupt in June 2012. According to trade union sources, the workers could benefit of Wage Guarantee Fund schemes until June 2013.

In February 2013 the Court of Milan had convicted Walter and Giovanni Burani, owner of the Mariella Burani fashion group, to 6 years of prison for bankruptcy fraud.


Sources

  • 26 February 2013: La gazzetta di Reggio

Citation

Eurofound (2013), Burani, Bankruptcy in Italy, factsheet number 74990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74990.