A statement on 11 January 2012, stated that up to 265 workers would be made redundant, this loss represents approximately 7.5 per cent of the company's Italian workforce.
In the statement Italcementi announced that layoffs would affect: 80 at the headquarters of Italcementi, 60 at Group Technical Centre in Bergamo, 115 (out of a total of 1651 employees) in 18 Italian plants and 10 in the company's commercial network.
Outside of Italy the restructuring of the group will include changes in Spain, Belgium, Egypt and the US. 22,000 employees work for Italcementi worldwide, with 3500 in Italy. In November 2011 the company reported a 51.7 per cent drop in third quarter profits despite the sale of its Turkish assets.
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