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.
The textile company Miroglio Textile liquidated the controlled company Stamperia di Govone, following the decision of the shareholders' meeting not to recapitalise the company; 151 people were made redundant. Existing difficulties within the Italian textile sector were exacerbated by the COVID-19 crisis.
Trade unions considered the decision as wrong and organised workers' protests.
Between 22 and 34 workers could be reallocated to other jobs among the group's companies and 18 will be offered early retirement.
Eurofound (2020), Stamperia di Govone, Closure in Italy, factsheet number 102065, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102065.