The Caterpillar-Imr Agreement on the Jesi Plant
Baker McKenzie assisted Caterpillar in the reindustrialisation of its manufacturing plant in Jesi, Italy through the settling of a definitive trade union agreement.
The agreement will guarantee the continuity of employment and production at the Jesi plant, acquired by Imr Industriale Sud.
The deal comes five months after the announced closure of the Jesi industrial plant by its American multinational owner and the establishment of a crisis unit at the Ministry of Economic Development (MISE). The trade union agreement allows for the reindustrialisation of the site by transferring a greater majority of employees to the new group, averting a collective dismissal. It follows several months of negotiations with national and local governments and trade unions.
Baker McKenzie advised Caterpillar with a team led by partner Massimiliano Biolchini and comprising counsel Vincenzo Di Gennaro on labour law aspects and counsel Anna Marina De Vivo on corporate law aspects.