EMCC European Monitoring Centre on Change

Ferrovir dello S

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.