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 multinational company British American Tobacco, which employs more than 85,000 people worldwide, announced the closure of two plants located in Bologna and Scafati, due to the end of production on behalf of Philip Morris, which represented some 40% of the whole production of the former publicly-owned Eti (Ente Tabacchi Italiano). The procedure has been halted, since the sale agreement concluded between the Italian government and Bat at the end of 2003 included a clause that prohibits dismissals in the three years following the sale. Early November 2004, the company started talks with prospective buyers of the Bologna plant.
Eurofound (2004), British American Tobacco, Internal restructuring in Italy, factsheet number 60881, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60881.