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 low-cost airline company Wind Jet has started collective dismissal procedures for all its employees (504 workers). According to the company, the discontinuation of business activities is mainly due to the recent economic crisis.
Alitalia, the main Italian airline company, is interested in taking over Wind Jet activities. The company will decide in the next months if and how the takeover may become a concrete business action.
Eurofound (2012), Wind Jet, Closure in Italy, factsheet number 73579, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73579.