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.
Boiler manufacturer Ferroli announced 486 dismissals out of 970 employees at the sites in San Bonifacio (Verona), Alano di Piave (Belluno) and Siena. The site close to Belluno is set to close.
The decision comes after a long period of crisis and the expiry of temporary layoff schemes in October 2017.
Unions are issuing strikes and deem that the management has failed to deploy adequate measures to relaunch the company.
Following the announcement, the collective dismissal procedure has started, with negotiations aimed at possibly reducing the exits.
Eurofound (2017), Ferroli, Internal restructuring in Italy, factsheet number 92059, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92059.
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