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.
Solsonica, a company specialised in the production of photo voltaic panels, will dismiss 124 workers employed in Cittaducale (Rieti). The exits will affect especially high-skilled blue-collar workers and technicians. The unions are negotiating with the management in order to avoid the job cuts and find alternative solutions.
The company has been recently acquired in the frame of an insolvency proceeding by the Gala group, the national leader in the energy production. The group hired back 35 employees of Solsonica and agreed to gradually employ the remaining 124 workers. Yet, the production did not recover as expected and Gala decided to open a collective dismissal procedure as the social shock absorbers covering the redundant workers were due to expire in April 2016.
Update, 09/06/2016: An agreement has been reached envisaging the termination of employment contracts and the hiring back of the redundant workers by the end of 2017.
Eurofound (2016), Solsonica, Closure in Italy, factsheet number 91263, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91263.
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