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.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
250 jobs Number of planned job losses
Announcement Date
28 May 2018
Employment effect (start)
31 May 2018
Foreseen end date
31 May 2018
Description
Luxury menswear brand Cantarelli will not resume operations since the procedure for operating under provisional budget was negated by Arezzo' courthouse on 28 May 2018. The company had declared bankruptcy in 16 May. All employees will be collectively laid off at the end of the week.
The company discontinued its production in April 2018 after two and a half years of special administration.
Cantarelly employs 250 workers, which are currently suspended from work according to the procedures of the Italian insolvency law. Trade unions are working in order to ensure the best possible access to support instruments to the affected workers.
Sources
28 May 2018: La Nazione
28 May 2018: Arezzo Notizie
16 May 2018: Arezzo Notizie
Citation
Eurofound (2018), Cantarelli, Bankruptcy in Italy, factsheet number 94188, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94188.
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