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.
Italian forklift trucks specialist OM (part of the Kion group) is to close its plant located in Modugno (in province of Bari), with the loss of 320 jobs as production will be delocalised to Hamburg (Germany).
According to the management, the delocalisation process is mainly due to the fall in production. The Modugno plant employs 320 workers, and only produces 8,340 forklift trucks per year, against a targeted production of around 15,700 units per year.
Trade unions have harshly criticised the company's decision, organising protest actions and demanding the involvement of local and national authorities in order to find alternative solutions to the delocalisation.
Eurofound (2011), OM, Offshoring/Delocalisation in Italy, factsheet number 72214, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72214.
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