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- Date:
12/22/2024
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Last paper reel was produced at the Fabriano mill in the morning of 10 December. Now the company will proceed with the announced closure of its office paper business.
Italy's Fedrigoni group has definitely ceased fine paper production at the Fabriano mill, taking another step towards the closure of its office paper subsidiary Giano Srl. The last paper offset paper reel on paper machine F3 at the Fabriano mill was produced in the morning of 10 December. The paper machine is geared for a total production capacity of 150,000 tpy and was the biggest paper machine of the entire group.
The closure of Giano will affect 174 employees. Following the latest round of negotiations with employee and government representatives at the Ministry of Labour and Social Policies, however, the company will revoke the collective dismissal procedure and activate an extraordinary wage guarantee fund scheme. With this, the employees will be temporarily laid-off for one year and during this time, the company will work to offer them redeployment within the group, according to the agreement.
Source:https://www.euwid-paper.com/