Siae Microelettronica faces restructuring plan amid three‑year crisis

On 3 August 2026, a meeting was held at Italy’s Ministry of Enterprises and Made in Italy to discuss the ongoing crisis of Siae Microelettronica, a historic metal‑mechanical and telecommunications company based in Cologno Monzese. The company, now under extraordinary administration, is reviewing its structure and fixed costs, with possibilities of disposing of foreign sites, cutting jobs and externalising activities. Officials stressed the need for a new partner and fresh capital to safeguard the plant and employment.

Local authorities, including Labour Assessor Andrea Arosio and Mayor Stefano Zanelli, expressed deep concern for workers’ job security and families, urging that employment protection remain the top priority throughout the restructuring process. The municipal administration pledged continued monitoring and participation in institutional tables to seek concrete solutions for the company’s future.