Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The international courier of express shipments Fedex announced 800 new jobs at six of its Italian hubs as part of a restructuring and investment plan in the country.
The company is planning a reorganisation of its Italian network and aims to internalise activities and resources previously managed by external suppliers. In particular, the Group is preparing to terminate its collaboration with the Piacenza distribution plant, which will cease operations soon. The new position are for parcel sorting service workers in the national hubs of Padua (where recruitment activities have already begun), Ancona, Bari, Bologna, Fiano Romano, Florence and Naples Teverola. The new workers will replace suppliers outside the Fedex organisation which have so far carried out these services.
The sectoral trade unions welcome the decision of the company which goes in the direction they have been supporting for some time, but at the same time express preoccupation for the possible redundancies at the Piacenza hub and for the renewal of the sectoral contract of logistic workers. A strike took place on 29 March to protest agains current contractual conditions.
Eurofound (2021), Fedex, Business expansion in Italy, factsheet number 104405, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104405.