Internal restructuring
Nord Ovest; Piemonte; Torino
Location of affected unit(s)
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.31 - Urban and suburban passenger land transport

120 - 150 jobs
Number of planned job losses
Job loss
Announcement Date
21 December 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2015


Turin public transport operator GTT (Gruppo Torinese Trasporti) announced 120 job losses in 2015. The job cuts will affect white-collar workers and will be implemented through an early retirement scheme.  Further jobs are expected to be cut through voluntary and incentivised redundancy procedures. Redundant staff will benefit from income support instruments until they are eligible for retirement.

The decision to reduce the costs of the company by implementing job cuts follows the withdrawal of the Turin city council from the decision to sell a stake to private shareholders. Over the last years, tenders were issued unsuccessfully until December 2014, when two prospective buyers, Arriva and Trenitalia, also withdrew their interest in acquiring shares of the company .

The restructuring plan is expected to increase financial stability of the company and savings may be used to recruit new bus drivers.


  • 21 December 2014: La Stampa
  • 27 December 2014: La Repubblica


Eurofound (2014), GTT (Gruppo Torinese Trasporti), Internal restructuring in Italy, factsheet number 78343, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78343.