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.
Lear, supplier of seating and electrical power management systems to the automotive industry, is to close its plant located at Termini Imerese (Sicily), with the consequent loss of 170 jobs.
The company has announced to start the collective dismissals procedures, after the recourse to the Wage Guarantee Fund schemes. The closure of the Lear Sicilian plant is strictly linked to the closure of the Fiat plant (occurred in 2011), its main customer. A reindustrialization plan of the area has not yet come into effect.
Eurofound (2012), Lear, Closure in Italy, factsheet number 74246, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74246.
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...
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