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.
Telis, a provider of accessories and services for telecommunication and utility companies, announced the dismissal of all the 350 workers employed at its sites in Pagani (Salerno), Rome and Strambino (Torino).
The company was established in 2002 as a spin-off of the Telecom group with a view to hiring back redundant workers of daughter company Olivetti.
Over the last years, following a fire destroying one of its productive sites and a reduction of orders, Telis accumulated debts and it is currently under insolvency proceedings.
Workers are currently receiving short-time working allowances, due to expire over the next months. In the absence of concrete opportunities for relaunching the company, the liquidator opened the collective dismissal procedure and the company might eventually close.
Unions hope alternatives to the closure will be found and called for the commitment of the government and large clients, including Telecom and Enel, to support the rescue of the company.
Update, 15/04/2016: Workers have been eventually dismissed. Meetings are still ongoing with public authorities to guarantee outplacement services and sell the production sites to new investors.
Eurofound (2015), Telis, Bankruptcy in Italy, factsheet number 91269, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91269.