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.
Swedish multinational Ericsson, leader in the provision of IT products and services, announced up to 400 dismissals in its Italian sites of Genoa, Assago (Milan), Moncalieri (Turin), Naples, Pagani (Salerno), Rome and Venice.
The job cuts have been attributed to a structural reduction of clients and sales in the Italian market, as well as to the overall pressure on costs due to increasingly price-based competition in the sector.
The cuts will affect clerical staff and, to a lesser extent, managers.
Unions complain that the corporation has no plan for its Italian branches, as it drastically reduced its workforce over the last ten years, especially at the Genoa site.
According to sources, the job cuts include as well a share of the 332 redundancies disclosed last year (EricssonIT-2016), which the company is implementing mainly on a voluntary basis after the collective dismissal procedure was concluded without an agreement being reached.
Update 21/07/2017: Following the failure of negotiations implemented in the framework of the collective dismissal procedure, Ericsson can lawfully implement dismissals up to the precise number communicated for opening the procedure (315). On 21 July, the company already sent out notification of dismissals to 181 workers currently employed in Rome and Genoa.
Eurofound (2017), Ericsson, Internal restructuring in Italy, factsheet number 90715, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90715.
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...
