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.
Savio, a manufacturer of components for aluminium windows and doors, opened a collective dismissal procedure for 82 out of the 304 workers employed at the plant in Chiusa San Michele (Turin).
The company is gradually relocated its production and has 450 employees across its sites in Italy, Spain and China and is already benefiting from short-time working arrangements (so-called solidarity contracts, contratti di solidarieta).
The decision follows negative developments in the Russian, Spanish and Middle East markets. The job cuts will affect blue-collar workers.
Workers went on strike to protest against the decision. Unions have requested a withdrawal of the dismissals and an extension instead of the solidarity contracts.
Update, 05/07/2017: The collective dismissal procedure has been closed with a reduction of job losses in spite of the absence of an agreement with unions. The company will eventually dismiss 56 workers and support the relocation of some of them to other companies.
Eurofound (2017), Savio, Internal restructuring in Italy, factsheet number 90716, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90716.
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