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.
Italian aircraft manufacturer Piaggio Aerospace (previously named Piaggio Aero Industries) announced its intention to dismiss 440 workers. According to the plan, the company is to discontinue the production of passenger aircraft, which no longer generates profits. The plan involves outsourcing the motor production and civil customer service activities to other entities, which could lead to the cuts of 350 jobs from the motor production unit in Villanova and about 90 jobs from the civil customer service unit in Genoa.
As a result, 132 workers who currently benefit from the Wages Guarantee Fund (see Piaggio Aero IndustriesIT-2014) are to lose their job. Another 500 blue-collar workers employed in the manufacturing of engines for passenger aircraft may be transferred to potential buyers.
After the unions accused the company of withdrawing from its previous commitments, the management temporarily froze the collective dismissal procedure, accepting to discuss the plan without strictly adhering to the deadlines set out by regulations on collective dismissals.
Eurofound (2016), Piaggio Aerospace, Outsourcing in Italy, factsheet number 88610, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88610.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
