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.
Aromatika announced the dismissal of 151 employees and the closure of 48 perfumery stores located in Friuli Venezia Giulia and Veneto.
The company is part of the Gottardo group, which owns other retail chains operating about 500 stores in the country.
Aromatika acquired the stores one year ago from Dayli, a perfumery chain going bankrupt. Yet, the stores are still performing substantial losses.
Unions lament the group did not implement the announced investments. They are currently taking part in negotiations and hope the the number of closures will be reviewed downwards and workers will be relocated to other stores.
Update, 29/07/2015: An agreement has been reached with the unions. 18 stores will remain open and 41 workers will be relocated to other companies, including some that are part of the Gottardo group. The other 110 redundant workers will be put on a short-time working scheme for one year. In the meantime, Aromatika will look for other potential investors, while workers will be offered incentives for voluntary dismissals.
Eurofound (2015), Aromatika, Closure in Italy, factsheet number 91306, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91306.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
