Martedì, 23 Ottobre 2018

Indesit workers block entry to plant in protest of layoffs


Ancona, June 10 - Some 300 workers at Italian
home-appliance maker Indesit blocked the entry to the company's
plant near Ancona in the Marche region in protest of major
layoff plans announced last week.
The company said it was set to cut 1,425 positions,
including 25 managers, 150 white collar staff and 1,250 factory
workers across three Italian manufacturing plants.
Several unions, including FIOM-CGIL, FIM-CISL
and UILM, organized the strike near Ancona and another protest
at a plant near Naples.
The company said workers must be let go due to production
and financial woes triggered by falling sales.
A 70-million euro restructuring plan was being prepared,
the company added.
Investors applauded the plan and shares in Indesit gained
1.9% in value at the announcement during last Tuesday's trading
to end the day at 6.39 euros.
Indesit plans to keep only high-end appliance manufacturing
in Italy, and to concentrate low-cost appliance manufacturing in
Poland and Turkey.

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