Wepa Lucca expects to close on sale of its 29,000 tonnes/year Piano della Rocca tissue mill in Lucca, Italy, by end of April as part of company's restructuring plan, says other Lucca mill Fabbriche di Vallico is still on the market
April 12, 2013
(Industry Intelligence Inc.)
– Wepa Industrieholding SE’s Italian subsidiary Wepa Lucca SRL is expected to complete the sale of one of its two Lucca, Italy, tissue mills by the end of April as part of the company’s restructuring plan in the country, Euwid reported April 12.
Wepa Lucca’s Piano della Rocca tissue mill, which has a 29,000-tonnes-per-year capacity and 33 employees, was sold to Italian tissue company Roto-cart, while the 18,000 tonnes/year Fabbriche di Vallico tissue mill is still on the market.
The production of the Fabbriche di Vallico tissue mill has been curtailed since mid-2012, resulting in 25 temporary layoffs or transfers of employees, Euwid reported.
In addition to 46 layoffs that were agreed upon in a 2011 reorganization plan, Wepa has announced that it will eliminate 70 more jobs—which Italian trade unions say breaches the plan.
Wepa said that it is implementing the 2011 reorganization plan, but declined to comment further.
Italian trade unions also reported a complaint filed against the company in a local labor court, alleging violations of trade union rights, Euwid reported.
The primary source of this article is Euwid, Gernsbach, Germany, on April 12, 2013.