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.
Power cables producer Prysmian announced the closure of the Ascoli Piceno site, which employs 120 workers.The company employs about 2,000 workers in nine Italian plants, which have been suffering a reduction of domestic demand for three years, resulting in budget losses and contraction of production. Wages Guarantee Funds have been already activated at the Italian sites and are to expire in March 2015.
The unions called for a strike and said that the decision was taken after the company had received public subsidies to invest in another Italian plant. Unions asked for a meeting with the company management over its investment intentions concerning Ascoli Piceno and the other Italian sites.
Eurofound (2015), Prysmian, Closure in Italy, factsheet number 79128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79128.
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