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.
Fincantieri, an Italy-based shipbuilding group, is to cut 140 jobs at the shipyard of Palermo, which employs around 550 workers. The Fiom-Cgil - the most represented trade union in the shipyard - reacted to the company's decision by announcing a strike.
At the national level, Fincantieri, Fiom-Cisl and Uilm-Uil (but not the Fiom-Cgil) reached an agreement on the 2012-13 industrial plan on December, 22nd. The agreement envisages the recourse to the Wage Guarantee Fund Schemes (on rotation basis) for around 3,600 workers (out of 8,200) in the next two years, new investments and a work reorganisation at the Fincantieri shipyards.
Eurofound (2011), Fincantieri, Internal restructuring in Italy, factsheet number 72915, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72915.