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.
In November 2010, Omsa (Golden Lady), an Italian manufacturer of underwear and socks for women, announced the closure of its plant located in Faenza (in the province of Ravenna), with the loss of 340 jobs (see here).
After two years of negotiations, on 12 March 2012, an agreement on the reindustrialization of the Omsa site was signed by Golden Lady, the Ministry of Economic Development, the Emilia Romagna Region, the Province of Ravenna, the municipality of Faenza, the trade unions and Atl, i.e. the company will buy the Omsa plant.
Atl is a furniture manufacturer which operates in Forlì. After the reorganisation process of the Omsa site, Atl will relocate the production of sofas that is currently located at two plants in the province of Forlì. The new Atl plant in Faenza should be operative in September 2012.
Atl will hire 120 workers who were previously employed by Omsa (beyond the workers who are employed in the Atl plants located in the province of Forlì). The agreement envisages training programs for the 120 ex-Omsa workers; the courses will be supported and organised by local authorities (the province of Ravenna and the Emilia Romagna Region). Moreover at the Omsa site Golden Lady will open a shop. For this commercial activity it should hire around 15 ex-Omsa workers.
The local authorities, the Ministry of Economic Development, the trade unions and Golden Lady have planned other meetings in the next months in order to find adequate solutions of re-employment for around 120 workers who will not employed by Atl.
Eurofound (2012), Atl (Omsa), Merger/Acquisition in Italy, factsheet number 73360, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73360.
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...
