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.
Iveco, an Italian company producing commercial vehicles and buses, is to dismiss 275 temporary employees at its manufacturing site in Turin.
The company announced that, due to a reduction in orders, the contracts of 275 temporary workers will not be renewed and that further 160 seconded workers will be moved back to companies affiliated to the group.
The decision will affect blue-collar staff employed in the engine manufacturing unit.
Trade unions claimed that the management did not inform them about the intention to reduce the workforce and asked for a broader discussion about the company plan. Concerns were expressed also about the rest of the affected workforce. As reported, most of the affected seconded staff comes from a group plant where Wages Guarantee Funds are in use.
Eurofound (2014), Industrial Vehicles Corporation (Iveco), Internal restructuring in Italy, factsheet number 77694, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77694.