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.
Dutch-based automotive company Stellantis has reached an agreement for 260 voluntary exits supported by incentives for workers in Mirafiori (160) and Grugliasco (100). In addition to the latter, the company is planning another 540 exits for which negotiations are still in course. The restructuring is part of the plans for a rationalisation of production costs announced by the company's CEO a few months ago, after the merger between FCA and PSA.
Staff reduction will take place through incentivised early retirements or expansion contracts, that entail one new hiring every three exits. Trade unions FIOM and UIL expressed their concerns and opposition towards the restructuring plan, while a strike has been announced by metalworkers to protest against the layoffs.
Multinational corporation Stellantis has been established in 2019 as the result of the merger between Italian-American Fiat Chrysler Automobiles (FCA) and the French PSA Group. Recently, the group announced another voluntary redundancy plan in Italy, affecting 300 workers at Melfi plant.
Eurofound (2021), Stellantis, Internal restructuring in Italy, factsheet number 105171, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105171.