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.
Sirti, a company specializing in the production of telecommunications infrastructures, announced to the unions the opening of a procedure of collective redundancies at the national level, as part of a plan that entails 833 redundancies out of 3,692 employees (almost 1/4 of the workforce) with massive cuts in all departments.
The company justified this decision with the difficult market conditions that have generated low margins and heavy financial losses in the last two years.
The unions oppose the restructuring decision, which is considered a way to make workers pay for short-sighted and mistaken business choices. Therefore, the unions announced trade union meetings and 4 hours of strike to be carried out on the dates 18 -19-20 February 2019.
Update, 08/05/2018: An agreement between the company and the trade unions has been signed at the Ministry of Labour stating that the 833 redundancies announced by the company are withdrawn. The agreement foresees incentives for individual exits, internal staff redeployments and the use of solidarity contracts (i.e. subsidised working time reductions). The trade unions Fiom, Fim and Uilm expressed their satisfaction for an agreement achieving the goal of saving jobs.
Eurofound (2019), Sirti, Internal restructuring in Italy, factsheet number 96695, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96695.
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