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.
Tessitura Bossi, a traditional firm operating in the textile sector, is to cut 140 jobs (out of 202) at its plant located at Cameri, in the province of Novara. The company has decided to outsource all its productive activities in order to cope with the greater market competition by manufacturers located in countries where labour costs are significantly lower than in Italy. The trade unions reacted to the company’s decision by going out on strike and organising several actions of protest.
On 13 June 2008, the company decided to reduce the job-cuts from 140 to 101. 39 workers will be redeployed in the spinning area that shouldn’t be closed. The trade unions expressed their discontent, demanding both adequate measures to reduce the negative social effects that will affect the redundant workers, and the preservation of all the productive activities in the Novara plant.
Eurofound (2008), Tessitura Bossi, Outsourcing in Italy, factsheet number 66703, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66703.