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 24 February 2015, steel pipes producer Tenaris Dalmine, which is part of the Techint group, announced 406 layoffs at the Dalmine site, which is located near Bergamo, in northern Italy. The decision was attributed to the drop in petrol prices and the consequent reduction of demand for the products manufactured in Dalmine (mainly mechanical pipes, line pipes and pipes for the refinery of the petrol).
The layoffs should affect 222 labour workers and 184 office workers. Among the labour workers, 31 are temporary agency workers who are already being relocated, and another 66 workers have mature pension requisites and therefore the job cuts may be carried out through pension arrangements. Also 32 office workers in similar situations could be pensioned off. Out of the remaining 277 redundancies, 130 will affect apprentices having their contract not renewed.
Unions have criticised the decision of the company and called for a strike in Dalmine. Workers of the Arcore site also issued a strike lasting two hours as a sign of solidarity. Unions hope that an agreement will be found in order to avoid dismissals affecting apprentices and other workers that do not reach pension requirements. For previous restructuring cases regarding the company, please see TenarisIT-2009 and Tenaris dalmineIT-2004.
Eurofound (2015), Tenaris Dalmine, Internal restructuring in Italy, factsheet number 78791, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/78791.
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