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.
Nova SpA, a licensed operator of Euronics retail stores, has announced a workforce reduction affecting 243 positions across the Lazio and Lombardia regions in Italy. The majority of these redundancies, approximately 200, will occur in the Lazio area. The company, which operates independently from other Euronics licensees, initiated this process on 8 July as part of a business continuity strategy.
The situation has sparked disagreement between different labour organisations. While Nova SpA has engaged in discussions with CISAL Terziario union, the major confederated unions Fisascat Cisl and Filcams Cgil claim to have been excluded from negotiations, citing concerns about worker protections.
Eurofound (2024), Nova, Internal restructuring in Italy, factsheet number 202143, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202143.