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.
Comital-Saiag is among the leading European manufacturers of aluminium foil intended mainly for the packaging of foods and it is established as the Italian leader in the production and distribution of this kind of consumer products, especially with the Cuki, Domopak and Tonkita brands.
The company employs 900 people in Italy (mainly in the two plants located in Latina - in the centre of Italy - and in Volpiano, in the province of Turin) and around 2,000 people across the world.
In October 2006, Management&Capitali, a fund created by private employers in order to support Italian companies facing financial crisis, acquired Comital-Saiag and replaced the company top management.
On 9 May 2007 the company and the trade unions reached an agreement which envisages the reduction of the redundancies included in the previous company’s reorganisation plan from 180 to 38 workers. Of the workers involved in the new reorganisation plan, ten will benefit of economic incentives to support their incomes during spells of unemployment, with a view to find a new job, while 28 redundant workers will benefit of the ‘special’ Wages Guarantee Fund (Cassa integrazione guadagni straordinaria, Cigs), a ‘social shock absorber’ that intervenes in cases of restructuring, reorganisation, change of activity or economic difficulties. The Wages Guarantee Fund scheme will last for one year. This measure should allow the social partners to elaborate adequate initiatives for the outplacement and redeployment of potential redundant personnel.
Eurofound (2006), Comital-Saiag, Internal restructuring in Italy, factsheet number 64751, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64751.
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...
