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.
On 22 March, Alstom presented to the members of its European Works Forum (EWF) its reorganization plan involving the loss of 1,380 jobs across its industrial sites (27,000 employees worlwide) in Germany, Italy and Spain. The employee reduction is a response to lagging demand in these countries. In Germany, the planned reduction of 700 positions at the Salzgitter factory would address the necessary improvement of its competitiveness and insufficient expected workload. The workload of the Barcelona factory, in Spain, and of several sites in Italy have also been affected by the low level of orders placed by national operators. Consequently, the plan envisages a reduction of 400 positions in Barcelona and 280 positions in the Italian sites, including the end of operations of the Colleferro site (145 positions). The non-renewal of temporary contracts in the concerned sites would be added.
Eurofound (2011), Alstom Transport, Internal restructuring in European Union, factsheet number 71766, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71766.