Ferroli

Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Alano di Piave (Belluno), San Bonifacio (Verona), Siena
Sector
Manufacturing
(24 - 25) Manufacture of metals
25.2 - Manufacture of tanks, reservoirs and containers of metal
25.21 - Manufacture of central heating radiators, steam generators and boilers
486 jobs
Number of planned job losses
Job loss
Announcement Date
8 July 2017
Employment effect (start)
23 September 2017
Foreseen end date
21 January 2018

Description

Boiler manufacturer Ferroli announced 486 dismissals out of 970 employees at the sites in San Bonifacio (Verona), Alano di Piave (Belluno) and Siena. The site close to Belluno is set to close.

The decision comes after a long period of crisis and the expiry of temporary layoff schemes in October 2017.

Unions are issuing strikes and deem that the management has failed to deploy adequate measures to relaunch the company.

Following the announcement, the collective dismissal procedure has started, with negotiations aimed at possibly reducing the exits.

Sources

  • 21 July 2016: Corriere del Veneto
  • 22 April 2017: L'Arena
  • 8 July 2017: Verona Sera
  • 12 September 2017: Conquiste del Lavoro

Citation

Eurofound (2017), Ferroli, Internal restructuring in Italy, factsheet number 92059, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92059.