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.
Codigoro (Ferrara), Frossasco (Torino), Luserna San Giovanni (Torino), Montelabbate (Pesaro), Ravenna.
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.21 - Manufacture of veneer sheets and wood-based panels
420 jobs Number of planned job losses
Announcement Date
20 May 2014
Employment effect (start)
23 July 2014
Foreseen end date
23 January 2015
Description
Gruppo Trombini, a group producing wood panels, is to close and dismiss about 420 workers at the plants in Codigoro (Ferrara), Frossasco (Torino), Luserna San Giovanni (Torino), Montelabbate (Pesaro) and Ravenna.
The firm has been using the short-time working scheme since 2009 and it has been under insolvency proceedings since 2013 with a view to restructuring its debt and finding new investors interested in purchasing the production sites. The employees at risk of losing their job are mainly blue-collar workers, whose short-time working allowances are to expire over the next months.
Unions are organising demonstrations to keep the attention of local authorities high on the situation. The management is confident to close negotiations with interested entrepreneurs and to pass employees over to new proprietors.
Update, 20/01/2015: Short-time working allowances have expired and the group has not succeeded in finding potential investors as yet. As a result, the plants are to cease production over the next days and all the workers are receiving notice of dismissal.
Sources
17 June 2014: La Voce del Canavese
25 May 2014: Il Fatto Quotidiano
22 January 2015: L'Eco del Chisone
23 January 2015: RovigoOggi
Citation
Eurofound (2014), Gruppo Trombini, Bankruptcy in Italy, factsheet number 91311, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91311.
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