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.
Gefran, an Italian high-tech manufacturer, is to lay off 65 employees out of a total headcount of 600 at its sites in Provaglio d’Iseo (Brescia) and Gerenzano (Varese).
The company is to implement a plan aimed at increasing productivity, and involving the discontinuation of less profitable units.
Some 39 workers will lose their job at the company headquarters and manufacturing plants in Provaglio d’Iseo, and 26 in Gerenzano, where electric drives are produced.
Negotiations with unions are already in place. Gefran posted an 11% drop in revenues in 2015, down to €115 million, and already activated Wages Guarantee Fund over the last years.
Eurofound (2016), Gefran, Internal restructuring in Italy, factsheet number 86500, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86500.
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