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 rolling stock manufacturer Ansaldo Breda has opened a mobility procedure for 282 workers for its sites of Palermo, Pistoia, Naples and Reggio Calabria. The decision stems from the acquisition of Ansaldo Breda by Hitachi Rail Europe group in February 2015.
The new management announced the intention to keep only 1,974 workers out of the 2,256 workers currently employed. Most of the redundant employees are white-collar workers, but the plan also affects blue-collar workers and managers. The company and trade unions are considering solutions for the 153 redundancies of the Palermo site, which should involve the previous mother company, Finmeccanica. With regard to the other dismissals, the company is contemplating voluntary redundancy measures including early retirement and voluntary dismissals.
Unions asked the management of Hitachi and Finmeccanica to discuss their strategies and ensure that redundant workers will be offered alternative jobs.
Eurofound (2015), Ansaldo Breda, Merger/Acquisition in Italy, factsheet number 83583, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83583.
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