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.
Whirlpool, the world’s leading manufacturer of home appliances, is to cut 431 jobs. The job losses will affect the Whirlpool’s plants located in the province of Varese. 391 jobs will be cut at the plant located at Cassinetta (out of 2,600 employees) and another 40 at the plant located at Comerio (out of 500). This decision follows the global reorganisation plan that the company announced at the end of October. The plan envisaged around 5,000 job losses worldwide (see related fact sheet).
The trade unions and the company will meet next week in order to find adequate measures to reduce the negative social effects for the redundant workers and discuss about the investments that the company planned in Italy.
Whirlpool Corporation is the world’s leading manufacturer and distributor of domestic appliances, with more than 72 manufacturing and technology research centers around the world. In Italy, the company has around 3,500 employees and the Whirlpool Europe division is headquartered at Comerio.
For further information, see the EIRO report.
Eurofound (2008), Whirlpool, Internal restructuring in Italy, factsheet number 67513, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67513.
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...
