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.
The Netherlands-based automotive manufacturer Fiat Chrysler Automobiles announced at least 1,200 hirings at its plant in Cassino (Frosinone). The group will hire 700 new workers between March and April 2017, while another 500 entrances will occur in 2018.
The new job creation is attributed to the need to increase the production level of the plant, which will soon start manufacturing two new luxury cars for the famous Alfa Romeo brand.
The management will also terminate the job security agreements by next February and move 500 workers from Pomigliano d’Arco (Naples) to Cassino.
The hirings add up to the 1,000 already envisaged by the 2014-2018 industrial plan (see Fiat Chrysler AutomobilesIT-2015).
Eurofound (2016), Fiat Chrysler Automobiles, Business expansion in Italy, factsheet number 89701, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89701.
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