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.
In presenting its 2021-2023 industrial plan, the Japanese multinational company Denso, active in the manufacturing of engine starters and alternators for vehicles, announced 200 redundancies in its plant in San Salvo, in the Abruzzo region. The industrial plan entails to reduce costs and to transform the site into an electrification plant.
The company also announced that the redundancies will take place on a voluntary basis and that it will incentivise early retirement of the most senior workers. The restructuring programme is planned to end by fiscal year 2021.
Trade unions have expressed strong concerns about the industrial plan, due to a lack of clarity regarding the new products, calling for further meetings to discuss the details of the plan.
Currently, the company employs around 1,000 workers in the San Salvo plant.
Eurofound (2021), Denso Manufacturing Italia, Internal restructuring in Italy, factsheet number 104759, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104759.