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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
155 jobs Number of planned job losses
Announcement Date
29 July 2020
Employment effect (start)
Foreseen end date
Description
The metal fences and security systems company Betafence announced its intention to close its seat in Tortoreto (Abruzzo) by 2021 and dismiss all the 155 employed workers.
The company is a worldwide exporter and it is part of the English multinational group Praesidiad, owned by the Carlyle fund. The announcement was given by the company's British management during a presentation on the economic situation of the group.
According to the management, the decision is connected to the minor productivity of the site and prospects of a recession in the sector. The trade unions, instead, suggest that the company is planning to offshore to Poland, where labour costs are lower.
The workers started a permanent picketing in front of the company and ask for negotiations on the plan.
Eurofound (2020), Betafence, Closure in Italy, factsheet number 101513, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101513.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
