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 new joint-venture Nokia Siemens Networks (NSN) is one of the three largest telecom suppliers in the world. At the beginning of May 2007 the new company announced a huge reorganisation plan that envisages the loss of around 9,000 jobs worldwide by 2010. In Italy the company employs around 3,000 workers and the provisional reorganisation plan announced by NSN on 20 May 2007 regards the closure of two plants in Cassina de’ Pecchi, in the province of Milano, and in Marcianise, in the province of Naples. The closure of the two plants will affect around 800 employees (400 workers in Cassina de’ Pecchi and 400 in Marcianise). At the end of June, the company will officially announce the reorganisation plan. Trade union representatives in the affected units reacted at the company’s decision by going on strike. They are worried about further redundancies that could be included in the final reorganisation plan. For this reason they are demanding the involvement of the local and national authorities in order both to gather more precise information on NSN's reorganisation regarding the Italian plants and to elaborate adequate solutions for the outplacement and redeployment of all the workers who could be affected by the plan.
Eurofound (2007), Nokia Siemens Networks, Merger/Acquisition in Italy, factsheet number 65454, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65454.
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