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 ACC group is a leading manufacturer of motors and compressors for household appliances. It currently has some 7,000 employees and ten plants in Europe and China. It was established in 2002, when the Electrolux Zanussi group outsourced the production of motors for its household products. In 2003, the ACC group also acquired the plants producing fridge compressors from the Electrolux Zanussi group. The ACC group announced the reorganisation of its compressor division. The restructuring plan envisages the closure of the Rovigo plant, which employs around 400 workers, and 200 redundancies at the Mel plant. The unions have immediately called a strike to oppose the company decision.
Eurofound (2005), Elettromeccanica Spa, Internal restructuring in Italy, factsheet number 62380, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62380.