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 For Transport Equipment Manufacture Of Other Transport Equipment 30.9 - Manufacture of transport equipment n.e.c.
127 jobs Number of planned job losses
Announcement Date
21 July 2015
Employment effect (start)
3 October 2015
Foreseen end date
31 December 2015
Description
Tenneco Marzocchi, a producer of bikes and motorbikes suspension forks, announced the dismissal of its 127 employees following the termination of its activities and closure of the plant in Zola Predosa (BO). The decision was disclosed by the management of its parent company, Tenneco, a US-based leading manufacturer of technology products for cars. Tenneco blamed the closure of the plant and discontinuation of production on the highly competitive pricing pressures in the market. Trade unions and institutions are seeking to save the plant and are holding meetings with a potential buyer.
Sources
22 July 2015: La Repubblica
23 July 2015: Il Sole 24 Ore
29 July 2015: Bologna 2000
Citation
Eurofound (2015), Tenneco Marzocchi, Closure in Italy, factsheet number 84338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84338.
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