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.
Brioni, the Italian brand of tailored clothing for men, presented its 2021-2025 industrial plan to the Ministry of Economic Development and the unions. The plan also involves reducing the current staff of 320, among both direct and indirect workers in its production sites in Penne, Montebello di Bertona and Civitella Casanova – in the Pescara area.
The decision is connected to the persisting excess of production capacity and an unsustainable imbalance of industrial costs, exacerbated by the COVID-19 pandemic and the drop in the demand for business attire. The company guaranteed to the affected workers that it will make available every tool to reduce, as much as possible, the social impact of the restructuring, including measures for re-employment.
Currently, the three sites count on a staff of over 1,000 workers.
Eurofound (2021), Brioni, Internal restructuring in Italy, factsheet number 104601, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104601.