Sandretto is declared bankrupt
In recent days the company Sandretto was formally declared bankrupt by the Court of Ivrea. The announcement came following months of waiting after company leaders had filed a request for an arrangement with creditors.
This outcome had been requested by the company’s own workers and by union leaders in order to preserve the production site and prevent the facilities from being dismantled. The union, Fiom-Cgil, has confirmed that it is, indeed, thanks to the tenacity of the workers, who guarded and defended the production facility to the last, that the plant has managed to remain intact.
The court has appointed Leonardo Marra as insolvency pratictioner, and he, together with the regional government (which had purchased the brand), can now examine the possibility of relaunching the production site in Pont Canavese (near Turin) and reinstating its former workers (either sacked or made redundant), who have spent months guarding the factory gates in a bid to save their jobs and a piece of the region’s industrial heritage.
Most read news
