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.
Stellantis, a company headquartered in Amsterdam, active in the production of motor vehicles due to it is switching to electric it has imposed a target of 1820 voluntary departures, in particular at four plants, Termoli, Verrone, Pratola Serra and Melfi (Italy).
The exits will be carried out through economic incentives for employees of pensionable age and through outplacement plans for other employees (considered as a second option, they will mainly target pensionable employees). With regard to the stated target, pre-agreements were reached for 752 voluntary departures, procedures will be initiated for a further 1,068.
For workers who are 48 months away from meeting the pension requirements, the plan provides for 90 per cent of salary for the first 24 months and 70 per cent for the remaining 24 months (including NASPI, New Social Insurance Benefit for Employment). For those who are further away from retirement age, the plan provides an incentive of 24 months' pay (in any case not less than €55,000) with €20,000 in the event of termination of employment by the end of September. For office workers and middle managers who do not reach retirement age, the incentive will vary according to age.
The agreement was accepted with the majority of the trade unions (Fim, Uilm, Fismic, Ugl and Quadri), except for Fiom, which considers that the exits have led to an excessive reduction in employment.
Eurofound (2022), Stellantis, Internal restructuring in Italy, factsheet number 107101, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107101.
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