EMCC European Monitoring Centre on Change

Treofan

Company/Organisation:
Treofan

Geographic Location

Country: Italy
Region: Terni; Umbria; Centro (I)
Location of affected unit(s): Terni

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.5 - Manufacture of other chemical products
Number Employed: 142

Employment Effects

Announcement Date: 24-11-2020
Planned Job Reductions min: 142
Planned Job Reductions max: 142
Type of Restructuring: Bankruptcy
Employment Effect Start: 07-02-2021
Direct Dismissals: 142

Additional Information

The Terni site of Treofan, a company producing polypropilen products owned by the Indian multinational company Jindal,  notified 142 workers of a collective dismissal procedure by letter. Among the reasons cited by the liquidator are the growing competitiveness of the market, the economic situation in 2020 also due to the COVID-19, increasingly higher operating costs including fixed production costs, energy consumption, labour and maintenance costs.

Both policymakers, local and national, and the trade unions expressed the urgent need to take every possible action, including legal ones, to avoid the closure of a company considered strategic not only at a regional but national level. Various proposals will be discssed, among which a possible take-over by the workers.

 

 

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