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.
Textile firm Abbigliamento Grosseto is to dismissed all its 178 employees.
The decision was disclosed by the liquidator of the company, who eventually declared the company bankrupt after two years of insolvency proceeding.
The proceeding started about three years ago, when following delays in wage payments and the stoppage of production, workers filed a request to the Tribunal.
Top managers and the owner of Abbigliamento Grosseto are currently under inquiry for fraudulent bankruptcy.
Workers, who are women for the vast majority, will receive an unemployment allowance.
Eurofound (2016), Abbigliamento Grosseto, Bankruptcy in Italy, factsheet number 91171, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91171.