CF Gomma files restructuring plan

ERJ staff report (DS)

Milan — CF Gomma has filed a restructuring plan which is likely to involve redundancies. Federico Cancarini, Chairman of CF Gomma said, “We are adjusting our business plan in order to review the size of the group in relation with the forecast of the sales of 2009.”

Around 90 percent of CF Gomma’s sales are into the auto sector, and sales in 2009 will be “far below the expectations we had in the past;” according to Cancarini. He continued, “In this situation some…

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