EMCC European Monitoring Centre on Change

Speedline

Company/Organisation:
Speedline

Geographic Location

Country: Italy
Region: Venezia; Veneto; Nord Est
Location of affected unit(s): Santa Maria di Sala

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.53 - Casting of light metals
Number Employed: 600
Group: Ronal

Employment Effects

Announcement Date: 07-12-2021
Planned Job Reductions min: 600
Planned Job Reductions max: 600
Type of Restructuring: Relocation
Foreseen End Date: 31-12-2022
Direct Dismissals: 600

Additional Information

The Swiss multinational group Ronal, producing alloy wheels for high-end cars (Ferrari, Lamborghini, Maserati), confirms its intention to close the controlled Venetian plant of the subsidiary Speedline in 9-12 months, i.e. by the end of 2022. Production will be transferred abroad to the other plants of the group (probably in Poland, but there are rumours also about Germany, Spain and the Czech Republic). The closure of the Italian plant located in Santa Maria di Sala will entail the dismissal of 600 employees. 

The company justified its decision with the allegedly non-economic sustainability of the plant, worsened by the crisis which has slowed down the pace of production. According to Ronal, the plant's losses amount to around 20 million per year.

The reactions of both trade unions and political parties are negative. Trade unions have called an 8-hours strike. Both are asking for immediate intervention by the government, and also by the employer association Confindustria.

Sources: