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.
Enel, a multinational producer and distributor of electricity and gas, announced a net reduction of the headcount by 3,000 units in Italy. The dismissals are part of an ambitious global restructuring plan, involving a shift toward the production of renewable energy.
As for Italy, the group reached with unions an agreement providing for 6,000 early retirements over the next five years and the simultaneous hiring of 3,000 young workers. At global level, the plan entails 9,200 dismissals and 4,500 hirings out of a total workforce of 68,000 workers between 2016 and 2019.
The group will spend about 1 billion EUR to fund the dismissals. A similar plan was already adopted in 2013, with the early retirement of 4,000 workers and the entrance of 2,800 young people.
Trade unions expressed satisfaction for the agreement as it enables a significant generational turnover while guaranteeing older workers in case of legislative changes affecting pension requirements. For previous factsheet concerning Enel, see EnelIT-2009.
Eurofound (2015), Enel, Internal restructuring in Italy, factsheet number 85567, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85567.