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.
Turolla is an Italian company, which merged with a larger Danish Group 'Danfoss' in 2012. The company produces motor gear products and fan drive systems, and specialises in hydraulic technologies. Despite the fact that the lower cost of labour in Slovakia generates savings of at least 35%, Turolla plans to reshore its entire Slovakian production to a new plant in Castel San Pietro, Emilia Romagna, in Northern Italy. General Manager Riccaro Carra stated that Italian bureaucracy is the main disadvantage of the planned backshoring. However he believes that the local network of trained engineers, and the presence of high quality research centres and universities which are located in Emilia Romangna will compensate for it. The new plant will not need to hire new employees at the start of operations, and instead will use 100 of the company's 200 current employees. However, the Danfoss Group plans a large scale recruitment of highly competent professionals in the near future.
Eurofound (2014), Turolla, Reshoring in Italy, factsheet number 199, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/199.
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