Italian Government Halts 173 Layoffs at Giano Srl
The Italian government has successfully intervened to prevent 173 layoffs at the Italian company Giano Srl. The intervention was announced on December 9, 2024, by Labor Minister Marina Calderone and Economic Development Minister Adolfo Urso.
Giano Srl is a company based in the Marche region of central Italy. It specializes in the production of industrial machinery and employs around 500 workers. In recent months, the company had announced plans to lay off 173 employees due to economic difficulties.
The government’s intervention came after extensive negotiations between the company, unions, and government officials. The negotiations were facilitated by the regional government of Marche.
As a result of the negotiations, Giano Srl has agreed to withdraw its layoff plans and instead implement a series of measures to improve its financial situation. These measures include a reduction in working hours, a freeze on hiring, and a restructuring of the company’s debt.
The government has also agreed to provide financial assistance to Giano Srl in the form of a loan guarantee. This guarantee will help the company to secure funding from banks to support its restructuring plan.
Labor Minister Marina Calderone welcomed the agreement, saying that it was a “significant result” that would protect the jobs of hundreds of workers.
Economic Development Minister Adolfo Urso also praised the agreement, saying that it was “a testament to the government’s commitment to supporting Italian businesses and workers.”
The agreement between the government, unions, and Giano Srl is a positive development for the Marche region and for the Italian economy as a whole. It demonstrates the government’s willingness to intervene to protect jobs and support businesses in difficulty.
Giano Srl: stop ai 173 licenziamenti. Urso, “Risultato significativo”
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