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.
Qui group, Italian provider of food vouchers with headquarters in Genoa, has announced the dismissal of 187 workers.
On 6 September, the company was declared bankrupt. On 21 September, the receiver did not grant the possibility to operate under a provisional licence. Following a meeting at the Ministry of Economic Development, the company sent dismissal letters to its 187 workers (161 of whom employed in Genoa).
The trade unions expressed their concern about the occupational impact of the closure. Over 1,000 workers (700 in Genova) in related businesses are at risk of losing their job. Trade unions called for ad-hoc social shock absorbers and the possibility to continue operations while looking for a new investor.
Eurofound (2018), Qui! Group, Bankruptcy in Italy, factsheet number 95483, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95483.
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