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.
Pali Italia, a manufacturer of lighting poles and transmission towers, is to close its plants in Anagni (Frosinone) and Parma and dismiss its 150 employees.
The company has been under insolvency proceeding due to consistent debts towards banks. It was eventually declared bankrupt by the Tribunal of Parma, that announced the dismissals.
The affected workers have been holding strikes and demonstrations over the last months, also complaining about delays in the payment of wages.
Unions hope that the liquidator will successfully sell the company to new investors and save the jobs.
Eurofound (2015), Pali Italia, Closure in Italy, factsheet number 91324, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91324.