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.
The closure of the blast furnace area of the Cornigliano plant has been at the centre of negotiations between the company management, the unions and local and national political authorities for more than two years. In July 2004 an agreement was reached on how to manage the redundancies linked to the closure: some 100 workers will be dismissed through a mobility procedure which will enable them to reach retirement age; some 250 will be redeployed in other positions within the plant; some 300 will be outplaced and employed in the activities linked to the decontamination of the blast furnace area and later hired by the firms which will start to operate in the new production and service activities which will be established in the area, in the framework of a special ‘re-industrialisation' programme.
Eurofound (2004), Ilva, Internal restructuring in Italy, factsheet number 60556, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60556.
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