Company/Organisation:
Ferrovir dello S
Geographic Location
Country:
Italy
Company
Sector:
Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed:
102000
Employment Effects
Announcement Date:
03-05-2002
Planned Job Reductions min:
10000
Planned Job Reductions max:
10000
Type of Restructuring:
Outsourcing
Employment Effect Start:
01-05-2002
Foreseen End Date:
01-12-2007
Additional Information
4,000 employees will leave the company by December 2003 and other 7,000 in the following 5 years.
The company is evaluating how to manage the lay-offs.