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 October 2005, the Acerbi-Viberti company, one of the biggest European producer of trailers, semitrailers, tippers, aluminium vehicles and tankers, announced a reorganisation plan that provided the direct dismissals of 120 workers. In particular, the decision affected 89 employees who work in the plant located in Nichelino (province of Turin) and 31 workers who are employed in Castelnuovo Scrivia (province of Alessandria), the bigger and more technologically advanced Acerbi-Viberti's plant (450 employees work in this plant). The company has taken this decision in response to the crisis of industrial vehicles' market. The company has also decided to transfer the lower tech production to Croatia. After almost five months of negotiations, on 4 April 2006 the company and the trade unions reached an agreement that provides the shedding of 27 jobs at the plant located in Castelnuovo Scrivia and 79 job losses at Nichelino plant. In the latter plant, the workers involved in the reorganisation plan will be placed on the 'extraordinary' Wage Guarantee Fund (Cassa integrazione guadagni straordinaria), a 'social shock absorber' that intervenes in cases of restructuring, reorganisation, change of activity or a company's economic difficulties of particular social importance as regards employment. For the employees who work in the Acerbi-Viberti plant, located in Nichelino, the agreement provides recourse to the 'ordinary' Wage Guarantee Fund. Furthermore, the agreement provides for a new company's investment plan in research, development, plants and extraordinary repairs, that cost EUR 1.4 million, and an investment of EUR 110,000 in training and retraining courses.
Eurofound (2005), Acerbi Viberti, Offshoring/Delocalisation in Italy, factsheet number 63307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63307.
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