EMCC European Monitoring Centre on Change

Betafence

Company/Organisation:
Betafence

Geographic Location

Country: Italy
Region: Teramo; Abruzzo; Sud
Location of affected unit(s): Tortoreto

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.93 - Manufacture of wire products, chain and springs
Number Employed: 155
Group: Praesidiad

Employment Effects

Announcement Date: 29-07-2020
Planned Job Reductions min: 155
Planned Job Reductions max: 155
Type of Restructuring: Closure
Direct Dismissals: 155

Additional Information

The metal fences and security systems company Betafence announced its intention to close its seat in Tortoreto (Abruzzo) by 2021 and dismiss all the 155 employed workers.

The company is a worldwide exporter and it is part of the English multinational group Praesidiad, owned by the Carlyle fund. The announcement was given by the company's British management during a presentation on the economic situation of the group. 

According to the management, the decision is connected to the minor productivity of the site and prospects of a recession in the sector. The trade unions, instead, suggest that the company is planning to offshore to Poland, where labour costs are lower.

The workers started a permanent picketing in front of the company and ask for negotiations on the plan.

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