Type
Bankruptcy
Country
Italy
Region
Nord Est; Veneto; Vicenza
Location of affected unit(s)
Trissino
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20.59 - Manufacture of other chemical products n.e.c.

121 jobs
Number of planned job losses
Job loss
Announcement Date
31 October 2018
Employment effect (start)
Foreseen end date

Description

On October 31, 2018, the chemical company Miteni announced the start of the collective dismissal procedure for all the 121 workers employed at the Trissin plant, in the province of Vicenza (Veneto region).

Miteni was investigated for the pollution of groundwater from perfluoroalkyl substances (Pfas). According to the company's management, the financial costs deriving from the investigations had an important impact on the budget and made it difficult the access to credit from local banks, "worried about the company's reputation". On October 26, 2018, the management decided to declare bankruptcy and to close the seat, suspending production activities by the end of the year. 

Due to the unexpected decision, workers and trade unions declared a strike.


Sources

Citation

Eurofound (2018), Miteni, Bankruptcy in Italy, factsheet number 95721, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95721.