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.
Berco, manufacturer of undercarriage components member of the Thyssen Group, is to cut 611 jobs at its main Italian plants. The plan entails the closure of its plant located at Busano Canavese (in the province of Turin) with the loss of 74 jobs and 537 job cuts both at the plant of Copparo, in the province of Ferrara (around 2,300 employees), and Castelfranco Veneto, in the province of Treviso (around 500 employees).
The trade unions reacted to the company’s decision by announcing 16 hours of strike, protest actions and requesting the involvement of national authorities to find alternative solutions to the layoffs.
Update 09-08-2013: after several meetings between the company, the trade unions, and local and national authorities, they reached an agreement on the management of the reorganisation plan. The agreement envisages 438 job-cuts (instead of 611 previously announced), which will affect all the Italian Berco plants (320 at Copparo, 72 at Busano Canavese and the remaining job-cuts among the plants located at Castelfranco Veneto and Sasso Morelli di Imola). The workers will benefit of one-year scheme of extraordinary Wage Guarantee Fund and economic incentives for voluntary dismissals (EUR 65,000 for workers who will leave the company before 21 September and EUR 40,000 after 21 September). After the WGF period, the remaining redundant workers could benefit of three-year scheme of “mobility” allowances. The company has pledged economic contributions for workers who will reach the requisites needed to retirement in the next seven years.
Eurofound (2013), Berco, Internal restructuring in Italy, factsheet number 75357, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75357.
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