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.
Olivetti, one of the leading Italian Information Technology company, is to close its plant located at Agliè, in the province of Turin, with the loss of 260 jobs. The company has announced that the production may be relocated to its plant located at Arnad in the province of Aosta.
The trade unions reacted to the company’s decision by going on strike and trying to involve the local authorities in order to avoid the closure of the Agliè plant.
At the end of November 2008, the company and the trade unions reached an agreement on the reorganisation plan. The agreement envisages:
· the recourse to the 'Extraordinary Wages Guarantee Fund' (Cassa Integrazione Guadagni Straordinaria, CIGS) for seven months. More information about the CIGS is available in a thematic feature on the European Industrial Relations Observatory (EIRO);
· the company will provide further economic support to affected workers who will be involved in the CIGS scheme;
· new investments in high-tech products with a view to increasing the production and, consequently, reducing the job cuts envisaged by the plan (260 redundancies).
Olivetti has become a company of the Telecom Italia group since August 2003. It has five research centres in Italy and Switzerland, two production facilities and an international sales network covering 83 countries, with an overall workforce of 1,260 employees.
Eurofound (2008), Olivetti, Closure in Italy, factsheet number 67512, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67512.
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...
