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.
Marelli initiated discussions with trade unions regarding a reduction of 400 positions across Italian operations, comprising 310 office staff and 90 indirect workers. The company cited rising raw material costs and supply chain disruptions as primary factors affecting performance. Despite returning to profit in the fourth quarter of 2022, Marelli concluded the year with overall losses. The Italian workforce had already decreased from 7,974 to 7,187 employees during 2022, while planned investments for 2023 totalled €73 million.
A framework agreement was reached excluding compulsory redundancies and establishing voluntary departure criteria. Incentive packages were structured according to age groups, ranging from 12 monthly salaries for workers aged 35-39 to 36 monthly salaries for those over 55. Additional bonuses of €20,000 for under-50s and €30,000 for over-50s were offered for departures by 31st May. The agreement required minimum two years' company service and included specific outplacement services.
Updated, 21/09/2023: Marelli announced the closure of its Crevalcore facility in Bologna province, affecting approximately 300 workers. The company particularly struggled with facilities producing traditional engine components and those dependent on single-customer relationships, notably Stellantis. Trade unions organised an eight-hour strike across Marelli Group operations in response to the closure announcement.
Updated, 03/10/2023: Following regional and trade union pressure, a crisis meeting convened at the Ministry of Enterprise and Made in Italy. During negotiations, Marelli agreed to indefinitely suspend closure procedures and redundancy notices for 229 workers. The company committed to participating in joint discussions with government, regional authorities, and social partners to identify alternative solutions for the Crevalcore site.
Eurofound (2023), Marelli, Internal restructuring in Italy, factsheet number 203002, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203002.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
