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.
Ferrovie di Stato, the state-owned Italian Railway company, is to cut 10,000 jobs over the next three years. The job losses are due to an initiative on the part of group management to re-organize the company in order to reduce losses by cutting operative costs and by increasing company productivity. These guidelines envisage the loss of around 10,000 jobs over three years, due mainly to the introduction of new technologies and achieved essentially through non-replacement of natural turnover. The announcement was made at the beginning of February 2007, when the top management of the group presented the Italian government with a five-year (2007-2011) reorganisation plan. The main companies making up Ferrovie di Stato are Rfi, a company for infrastructure management, and Trenitalia, a company for the management of railway services. Ferrovie di Stato has around 98,000 employees in a total of ten subsidiaries. Around 54,000 are employed in Trenitalia and around 34,000 are employed in Rfi.
August 2007 – Update
After Ferrovie di Stato and sectoral trade unions discussed the 2007-11 re-organization plan at the start of August 2007, it has been agreed that 650 new jobs will be created in the coming months, almost all of which will be in the area of maintenance. The company and the trade unions will meet again in September 2007 in order to discuss the other parts of the reorganisation plan.
Eurofound (2007), Ferrovie dello Stato, Internal restructuring in Italy, factsheet number 64928, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64928.
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