Getronics Italy has reached an agreement with the Ministry of Labour and Trade Unions to reduce the workforce by circa 500 mainly via a special wage guarantee fund (Cassa Integrazione).
The headcount reduction will become effective from 7 July 2003 and is a significant step in managements’ plans to restore the profitability of Getronics Italy.
Roberto Schisano, Chairman of Getronics Italy comments ”This represents an important building block in the recovery process of Getronics Italy. The changes in the organisation resulting from this restructuring will not impair our ability to serve our customers effectively or the committed quality of our service offering.”
The Cassa Integrazione programme helps companies respond to market changes. It provides for the temporary cessation from work for employees who receive their salary from state funds for an agreed period of time (in this case for one year with a possible extension for a further year).
About Getronics
With 23,000 employees in over 30 countries and revenues of EUR 3.6 billion in 2002, Getronics is one of the world's leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Getronics today combines the capabilities of the original Dutch company with those of Wang Global, acquired in 1999, and of the systems and services division of Olivetti. Getronics is ranked second worldwide in network and desktop outsourcing and fifth worldwide in network consulting and integration (Source: IDC July-August 2002).
Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organisations, helping them maximise the value of their information technology investments.
Getronics headquarters are in Amsterdam, with regional offices in Boston and Singapore. Getronics’ shares are traded on Euronext Amsterdam (‘GTN’). For further information about Getronics, visit www.getronics.com
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