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.
Savio, a manufacturer of components for aluminium windows and doors, opened a collective dismissal procedure for 82 out of the 304 workers employed at the plant in Chiusa San Michele (Turin).
The company is gradually relocated its production and has 450 employees across its sites in Italy, Spain and China and is already benefiting from short-time working arrangements (so-called solidarity contracts, contratti di solidarieta).
The decision follows negative developments in the Russian, Spanish and Middle East markets. The job cuts will affect blue-collar workers.
Workers went on strike to protest against the decision. Unions have requested a withdrawal of the dismissals and an extension instead of the solidarity contracts.
Update, 05/07/2017: The collective dismissal procedure has been closed with a reduction of job losses in spite of the absence of an agreement with unions. The company will eventually dismiss 56 workers and support the relocation of some of them to other companies.
Eurofound (2017), Savio, Internal restructuring in Italy, factsheet number 90716, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90716.
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...
