Enrico Bondi, Parmalat's government-appointed extraordinary administrator, last week presented to Italy's industry ministry an outline of his plan for saving the insolvent company from liquidation.

Three central government-appointed administrators will govern the city for 18 months until new elections.

This meant direct government control over day-to-day factory operations via a government-appointed administrator whose independent powers were limited.

Local government is administered by central government-appointed regional administrators and district commissioners.

Since then, PricewaterhouseCoopers, which was hired by Parmalat's government-appointed administrator, has restated the company's results for the last two years.

The company was beset by corruption and mismanagement by government-appointed administrators, and construction efforts made little progress.

Since then, they have been governed by government-appointed administrators.

The company then slipped into insolvency, and since January has been operating under a government-appointed administrator.

Enrico Bondi, Parmalat's government-appointed administrator, will present a restructuring plan by the end of this month, the Italian government has said.

The company's government-appointed administrator, Enrico Bondi, will present a definitive plan by the end of June after consulting with creditors and unions.