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.
Selex Communications is a multinational company, part of Finmeccanica company, the Italian leader in the high technology sector with over 51,000 employees worldwide.
Selex Communication is a communication systems supplier of military and civil customers. The company develops communications solutions for land, sea and air applications. It employs more than 5,000 people worldwide, with offices and plants in Italy, the United Kingdom, the USA, Germany, Turkey, Romania and South America. In Italy, the company has offices and plants in Genova, Latina and Pomezia (in the province of Rome) and it has around 3,400 employees (of whom around 3,000 are employed in Latina and Pomezia).
In July 2006, the company announced a reorganisation plan that provided for the loss of 770 jobs in Latina and Pomezia offices and plants.
On 15 March 2007, the company announced the recourse to measures in order to reduce the number of redundancies and to support the redundant personnel. In particular, the current company’s plan envisages a cut in the redundancies foreseen in the previous plan from 770 to 600 workers. In practice, 170 workers will attend vocational training courses and then they will be redeployed in other company’s Italian locations. Moreover, around 350 workers will benefit from measures such as ‘short’ and ‘long’ mobility plans that transition into retirement, and economic incentives for voluntary resignation or retirement for those who are already eligible.
The trade unions disagree with the company’s decision, outlining that the reorganisation plan does not envisage any measures for around 250 redundant workers (of whom 200 are employed in Latina and 50 in Pomezia).
Eurofound (2006), Selex Communications, Internal restructuring in Italy, factsheet number 65096, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65096.
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