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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
520 jobs Number of planned job losses
Announcement Date
3 May 2005
Employment effect (start)
1 July 2005
Foreseen end date
1 July 2006
Description
Whirlpool Europe announced a reorganisation plan which will involve investments of some €100 million in the 2005-2008 period, including training initiatives. Production will concentrate on high-quality products both in the cooking (cookers and ovens) and cooling (fridges) ranges, in order to avoid the increasing competition on lower quality products. Negotiations between the unions and the company management led to a significant reduction in the redundancies initially announced, from some 1,000 to 520. Redundancies will mostly involve workers who are eligible for retirement or who will be "accompanied" to retirement by the income support provided by the "mobility allowance". In both cases, the firm will provide economic incentives for the workers involved.
Sources
16 June 2005: Il Sole 24 Ore
24 May 2005: Il Sole 24 Ore
4 May 2005: Il Sole 24 Ore
3 May 2005: Il Sole 24 Ore
Citation
Eurofound (2005), Whirlpool Europe, Internal restructuring in Italy, factsheet number 61911, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61911.
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