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.
After only 153 employees accepted voluntary buyout offers at its Copparo facility, Berco launched collective dismissal procedures to lay off 247 workers, having failed to reach its target of 400 voluntary departures. The machinery manufacturer, owned by ThyssenKrupp, faces severe financial challenges with 2024 revenues halved compared to 2022's €470 million.
CEO explained that the company has operated with 35% reduced hours for two years, effectively leaving 650 workers without productive activity. The crisis stems primarily from consequences of the Russia-Ukraine war, eliminating a market worth over €40 million for Berco, while increased energy costs have driven customers to cheaper Chinese, Indian, and Brazilian suppliers.
Trade unions continue striking and picketing the facility, rejecting the restructuring plan. The collective dismissal deadline is March 24, marking 45 days from the February 7 notification, unless unions agree to renewed negotiations.
Update, 10/04/2025:
Berco has withdrawn collective dismissal procedures for 247 workers at its Copparo facility in Ferrara province following an agreement signed at the Ministry of Enterprise and Made in Italy. The agreement includes commitments from ThyssenKrupp-owned company to avoid unilateral actions for the next four years and pursue industrial consolidation in Italy. The agreement resolves tensions that had led to strikes and facility picketing by trade unions opposing the original restructuring plan.
Eurofound (2025), Berco, Internal restructuring in Italy, factsheet number 203137, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203137.
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