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.
Indesit, one of the biggest world manufacturers of household appliances, is to close two sites in Italy, with the consequent loss of around 500 jobs. The company has announced the 2010-2012 reorganization plan for its Italian sites, which envisages the closure of the plants located at Brembate (in the province of Bergamo), and at Refrontolo, in the province of Treviso. The plants have around 400 employees and 95 employees respectively. Moreover, the plan provides for EUR 120 million of new investments for the other Italian plants.
The company has announced the aim to find, with the trade unions, adequate measures in order to reduce the negative social consequences of the reorganization plan. The trade unions disagree with the decision to close the two industrial sites.
In Italy, Indesit has around 5,500 employees and eight sites.
Eurofound (2010), Indesit, Closure in Italy, factsheet number 70634, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70634.