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 Italian multinational company Candy, which produces household appliances in twelve plants located in six European countries (Portugal, Czech Republic, Spain, France, Italy and United Kingdom), announced a restructuring plan for its plant of Donora di Cortenuova. An agreement signed with the trade unions has ensured the combined use of the wages guarantee fund, of a mobility procedure to accompany those eligible for retirement, economic incentives for retirement or resignation and re-deployment and outplacement, instead of direct dismissals of the 185 redundant workers. Contrary to the previous agreement, in late November 2005, the company announced the closure of the Contenuova plant, due to changes in the market prospects which, according to the management, have made the delocalisation of production inevitable. The whole production of refrigerators and air-conditioning appliances will be moved to the recently enlarged plant of Podborany, in the Czech Republic. The unions expressed their opposition to the plan and called a two-hour strike.
Eurofound (2005), Donora Elettrodomestici Spa, Offshoring/Delocalisation in Italy, factsheet number 61364, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61364.