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 subsidiary of the Austrian retail company Billa Ag, which is part of the German-owned Rewe group, announced a restructuring plan which will mainly affect its brand Standa, a chain of department stores, but also the Billa supermakets, though to a lesser extent. The reorganisation will involve some 400 redundancies and the possible closure of some 45 outlets. The trade unions called a strike to support their request to discuss the restructuring plan. The meetings between the company and the trade unions continued in December 2004.
Eurofound (2004), Billa Ag Italia, Internal restructuring in Italy, factsheet number 60966, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60966.