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.
Alcatel Lucent, a global telecommunications company specialized in fixed and mobile broadband networks, is to cut 490 jobs at its sites in Italy. The job cuts are reported to mainly affect the Italian headquarters of Alcatel Lucent, located at Vimercate in the province of Milan.
Moreover, it is reported that the job cuts will mainly affect specialized technicians (360 out of 490 job cuts). According to the company, the labour force's rationalization is due to a reorganization of business units and a focus on new investments in the next generation of networks.
The trade unions criticized the company's decision and show concern about the future of Alcatel Lucent's sites in Italy. For this reason, they have requested the involvement of national authorities in order to find solutions which foster new investments in Italy by Alcatel Lucent.
UPDATE 23-05-2012: After negotiations between the company, the trade unions and the Ministry of Economic Development Alcatel Lucent has announced to cut 245 jobs instead of the previously announced 490. Moreover, the company has announced new investments in its Italian plants.
Alcatel Lucent currently employs around 2,100 people in Italy.
Eurofound (2012), Alcatel Lucent, Internal restructuring in Italy, factsheet number 73149, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73149.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
