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 Italian branch of the French retailer Carrefour announced a 'transformation plan' which should lead to the exit of 770 workers: 600 in the salespoints and 170 in the headquarter.
The plan foresees a new franchise model which entails the sale of 106 directly managed supermarkets to small entrepreneurs by 2022 – 41 in Lombardy, 18 in Campania, 17 in Liguria, 16 in Lazio, six in Tuscany, four in Emilia Romagna, three in Piedmont, and one in Abruzzo – involving around 1,000 employees.
However, according to trade unions, the redundancies might be many more (1,800 out of a workforce of 16,000) as transition from direct management to franchising would not be employment neutral but could affect also transferred employees.
Eurofound (2021), Carrefour Italia, Outsourcing in Italy, factsheet number 105357, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105357.