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.
Bathroom sinks and toilets manufacturer Ideal Standard is to close its plant in Roccasecca (Frosinone) and lay off its 320 employees.
Despite the site is performing profits, the company announced that it suffers from structural problems and alternatives to closure are not viable in the long-run. In 2015, the closure of the Ideal Standard’s plant in Orcenigo di Zoppola was avoided after a long and harsh dispute by means of a workers’ buy-out (see Ideal StandardIT-2013).
Dismissals will affect mainly blue-collar workers. According to media sources, about 200 workers employed by local contractors may as well lose their job.
Workers went on strike against the decision. Solidarity strikes have been organised also at the Trichiana plant.
A meeting at the Ministry of Economic Development’s premises will be held on 12 January 2018 in order to discuss dismissals, after the company did not show up in a previously planned meeting.
Update 12/02/2018: Negotiations have been concluded avoiding dismissals. The agreement entails a transfer of undertaking between Ideal Standard and Saxa Gres for the Roccasecca plant. Saxa Gres will reconvert the plant for the production of cobblestones made from recycled material, hiring all the redundant workers.
Eurofound (2017), Ideal Standard, Closure in Italy, factsheet number 92948, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92948.
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...
