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.
On 18 November 2014, IBM announced 285 layoffs in Italy as part of a reorganisation plan involving 1,898 redundancies across Europe. The layoffs concern managers and white-collar workers and will affect especially the plants in Segrate (MI) and Rome. However, redundancies are also likely to occur in other sites across Italy.
According to IBM, the layoffs result from disappointing results in the last quarter and by the need to streamline and reorganise the activities across the world.
The Italian Federation of Metalworkers (Fim), the metalworkers union affiliated to Italian Confederation of Workers' Trade Unions (Cisl), has challenged IBM's decision, highlighting that this is the third round of collective dismissals in 18 months. During this time, IBM has cut more than 1,000 jobs in Italy.
Update, 27/03/2015: On 14 March 2015, IBM and trade unions agreed 260 dismissals, to be achieved by means of incentivised voluntary dismissals and early retirement. On 27 March 2015, the agreement was validated by means of a vote among workers. In addition, the company will hire 120 apprentices.
Eurofound (2014), IBM, Internal restructuring in Italy, factsheet number 77899, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77899.
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