EMCC European Monitoring Centre on Change

Leonardo

Company/Organisation:
Leonardo

Geographic Location

Country: Italy

Company

Sector: Manufacturing
Manufacture of transport equipment
30.30 - Manufacture of air and spacecraft and related machinery

Employment Effects

Announcement Date: 22-07-2021
Planned Job Reductions min: 500
Planned Job Reductions max: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 22-07-2021
Foreseen End Date: 31-12-2023
Other Job Reduction Measures: 500

Additional Information

Italian aerospace company Leonardo reached an agreement with the trade unions for an early retirement plan involving up to 500 workers of its aerospace division. Eligible candidates must meet the requirements for early retirement within the period 2021-2023.

This agreement is part of the measures through which trade unions and the company are managing the reduction in production volumes of the aerospace division, connected with the general crisis of the aviation sector due to the COVID-19 pandemic.