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.
Denso Thermal Systems in Poirino faces deepening crisis with redundancies increasing from initially declared 150 to approximately 180 of 700 employees, leaving seventy positions still unresolved. The Japanese multinational's site suffers from automotive sector downturn aggravated by 35% order decline from Stellantis and major European manufacturers.
Solidarity contracts active for months and extended through first quarter 2026 have preserved jobs and income but provide insufficient long-term security. Exits have occurred voluntarily with incentives, though tension remains high particularly following company decisions like suspending dedicated transport service, viewed negatively by workers in already difficult circumstances.
During meetings between company and unions FIM, FIOM, UILM, and FISMIC, organizations demanded reopening company supplementary agreement negotiations, deemed essential for demonstrating employee confidence. Management accepted, scheduling end-of-month discussions while announcing "corrective measures" improving competitiveness through enhanced safety, internal communication, ergonomics, and quality.
Unions emphasized structural solutions require assigning new platforms and productions to Poirino. Democratic Party Regional Councilor submitted regional council inquiry demanding clarification on actions Piedmont Region will undertake managing employment crisis, including ownership discussions preventing further redundancies and defining sustainable industrial plans.
Eurofound (2025), Denso Thermal System, Internal restructuring in Italy, factsheet number 203706, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203706.