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.
The construction consortium Fer.Gen. announced the imminent dismissal of its 100 workers employed in Genova.
The consortium was awarded a tender for the improvement of infrastructures of the Genova railway juncture in 2009, with a large price discount.
Yet, works are experiencing significant delay, also due to the absence of places where to dispose of waste from the construction site, and there is a risk of the termination of the contract with the client, a subsidiary of the public group controlling Italian railways (Rete Ferroviaria Italiana, RFI).
Dismissals should affect 70 blue-collar workers and 30 white-collar workers.
Negotiations are currently in place between unions, the management and local authorities. Unions are pushing for a fast resolution of the impasse, possibly by assigning works to other applicants of the tender upon application of the ‘social clause’, i.e. the obligation for the awarded company to hire back Fer.Gen. redundant workers.
Eurofound (2016), Fer. Gen., Closure in Italy, factsheet number 89426, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89426.
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