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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.81 - Manufacture of sugar
162 jobs Number of planned job losses
Announcement Date
13 April 2015
Employment effect (start)
1 July 2015
Foreseen end date
2 July 2015
Description
Italian sugar manufacturer Eridania Sadam is to dismiss 162 employees at its sites of Castiglion Fiorentino (Arezzo), Celano (L’Aquila), Fermo and Jesi (Ancona).
The plants were closed following the drastic reduction of sugar production quotas agreed by the EU and the Italian Government in 2006 in the framework of the Common Agricultural Policy. Over recent years, the company, trade unions and public institutions signed agreements in order to reconvert the plants using public subsidies. Meanwhile, workers have benefitted from the Wages Guarantee Funds, which are to expire by the end of June 2015. However, as the public authorisations needed to convert the sites have not been released yet, and a further prorogation of the Wages Guarantee Fund is not possible, the company is initiating a mobility procedure with a view to hiring back the workers in case the plans will eventually be accepted.
Sources
13 April 2015: Milano Finanza
14 April 2015: Il Sole 24 Ore
14 April 2015: Trade union - press release
Citation
Eurofound (2015), Eridania Sadam, Closure in Italy, factsheet number 79335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79335.
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