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.
Benetton, an Italian-based global fashion brand, is to cut 450 jobs, of which 228 in its Italian sites located at Ponzano Veneto and Castrette di Villorba (in the province of Treviso). According to the plan, the Italian retail chain will be strengthened with 280 recruitments. Moreover, the company has announced that contracts with 135 Italian suppliers will be not renewed.
The trade unions reacted to the company’s decision by requesting the involvement of local authorities in order to avoid the job cuts in the production sites.
In Italy Benetton group has around 2,500 employees.
Eurofound (2013), United Colours of Benetton, Internal restructuring in Italy, factsheet number 74907, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74907.
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