Mercoledì, 19 Settembre 2018

Parmalat to close three Italian plants

English
© ANSA

(ANSA) – Milan, September 21 – Italian dairy company
Parmalat on Friday announced plans to close three plants in
Italy including one in the northwestern port town of Genoa.
The company said it will also close the Villaguardia plant
located in the province of Como, as well as a third factory in
Cilavegna in the province of Pavia, according to a statement.
Parmalat said it is working with trade unions to draw up a
"social plan" aimed at "limiting the impact on employment" from
the closures.
The company has already made contact with Italy's industry
ministry to work to draw up the necessary social instruments
aimed at buffering the impact on employees.
Parmalat was at the center of a 2003-2004 financial scandal
which saw the company collapsing after it defaulted on $16
billion of debt.
It was forced to declare bankruptcy in December after
disclosing that a $4.7-billion account with Bank of America did
not exist.
Many criminal trials ensued and it was subsequently
purchased by French dairy company Lactalis.

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