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.
Electrolux, the world's largest producer of domestic appliances, is to cut 390 jobs at its site located at Porcia, in the province of Pordenone. In this plant the group produces washing machines. After several months, the company and the trade unions reached an agreement on the reorganisation plan, which was signed at the Minister of Labour, Health and Social Policies. The plan envisages 390 job cuts (out of 1,700 employees) and a three-year investment of EUR 62 million in order to improve the efficiency of the plant. For the redundant workers the plan provides for the recourse to the extra-ordinary Wage Guarantee Fund for two years and economic incentives for voluntary resignations. In Italy Electrolux has around 8,000 employees and five plants. The group has around 55,000 employees worldwide.
For more information, see EIRO report.
Eurofound (2009), Electrolux, Internal restructuring in Italy, factsheet number 68955, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68955.