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 management of SCM Fonderie, part of the SCM group, a manufacturer of automatic machinery for wood, glass and metal processing, announced the closure of its plant in Rimini and 111 job losses.
The decision was attributed to the difficult economic situation of the fundry and the significan economic losses it registered over the last years.
Negotiations with the trade unions started immediately. The company announced its willingness to limit redundancies to 100, which will take place on a voluntary basis in return for economic incentives, and to transfer the remaining employees to the company's other fundery in Verucchio.
Eurofound (2018), SCM fonderie, Closure in Italy, factsheet number 95356, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95356.
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