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.
(10 - 33) Manufacturing (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
140 jobs Number of planned job losses
Announcement Date
19 April 2003
Employment effect (start)
1 April 2003
Foreseen end date
1 June 2003
Description
140 employees will be involved in an Extraordinary wage guarantee scheme for a period of 13 weeks. After this period such employees may be dismissed or may restart to work. The extraordinary wages guarantee fund (cassa integrazione guadagni, Cig)is a scheme which pays a state benefit to workers whose employment is suspended by firms undertaking restructuring as a result of severe structural difficulties.
Whereby a 'mobility' scheme, redundant workers receive a state allowance and benefit from various measures to help them find work.
Sources
Citation
Eurofound (2003), Italian Wind Technology, Internal restructuring in Italy, factsheet number 60198, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60198.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...