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.
Gabetti, one of the main real estate agencies operating in Italy, has announced the 2009-2011 reorganisation plan which envisages the closure of its 102 agencies with the loss of 300 jobs. The agencies are located in seven Italian cities (Milan, Turin, Bologna, Florence, Naples, Bari and Cagliari); in the same cities, Gabetti will open 215 agencies in franchising. According to the company, the closure of its agencies was due to the crisis of the real estate market.
In the next weeks the company will meet the trade unions in order to define the procedures for the collective dismissals.
Gabetti is a real estate agency operating in Italy. It has around 670 employees and it operates with a network of 102 agencies and around 650 agencies in franchising.
Eurofound (2008), Gabetti, Internal restructuring in Italy, factsheet number 67188, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67188.
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