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.
Eni, one of the European leading companies operating across the entire energy chain (exploration and production; gas and power; refining and marketing), is to cut 951 jobs (out of around 23,000) in Italy. At the end of May the company and the trade unions signed a framework agreement on the management of the restructuring plan. On 18 July they reached an agreement that envisages specific measures aimed at reducing the negative social effects for the redundant workers.
The job cuts will affect Eni (641 job cuts), and the subsidiaries Eni Services (30), Eni Corporate University (10), Eni Trading and Shipping (15), Versalis (135) and Syndial (120). In particular, the agreement provides for economic incentives for voluntary dismissals (by the end of 2014), and a long “mobility” procedure for the workers who will reach the requisites for retirement within the next seven years.
The agreement envisages the creation of 300 new jobs (for young workers) by the 2015 and the “stabilisation” of 206 workers with fixed-term contracts in open-ended contracts by the end of 2014.
In Italy Eni has around 23,000 employees, and around 98,000 in the world.
Eurofound (2013), Eni, Internal restructuring in Italy, factsheet number 75707, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75707.
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