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Indesit Company SpA Presents Reorganization Plan

Tuesday, 4 Jun 2013 07:51am EDT 

Indesit Company SpA announced that on June 4, 2013 it has presented to the trade unions in Rome a plan to safeguard and rationalize Indesit Company’s organization in Italy. The Plan endorses Italy as the Company’s strategic centre and provides for action to boost the efficiency of its governance structures and the consolidation of its Italian operations as the powerhouse of Group training and research & development. The strategic mission of the Group’s three Italian industrial centres will be redesigned on the basis of a re-organization of production to be implemented over the period 2013-2016. Further investments of EUR 70 million are planned in Italy over the period 2014-2016: they will be channelled into product and process innovation, with a focus on containing water and energy consumption and on recyclability and digital technologies. The Plan will also involve a streamlining of the central management departments to make processes faster, more effective and with costs geared to this new and more competitive phase. Re-organization of the Group’s Italian operations, which employ around 4,300 people, will affect over 1,400 working positions (25 executives, 150 central office staff and 1,250 blue and white collars in factories). Talks have been opened with the trade unions to identify all possible and sustainable solutions to keep the employees involved in occupation through suitable use of welfare support. 

Company Quote

-0.01 -0.09%
22 Aug 2014