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.
Elica, one of the world’s leaders in the production of cooker hoods, is to cut 178 jobs. At the end of August 2008, the company announced a reorganisation plan that envisages the transfer of some production to its plant located in Poland with the consequent loss of 178 jobs in the plants located at the Fabriano’s industrial site. According to the company, the reorganisation plan is necessary to cope with the increasing global competition, mainly reducing the operative costs. The company, the trade unions and the local authorities have planned some meetings for the next weeks in order to reduce the negative social effects for the workers involved in the company’s reorganisation plan. The Elica Group is currently the world’s largest manufacturer of kitchen range hoods for domestic use and is leader in Europe in the sector of motors for boilers used in home heating systems. The company has nine plants in Italy, one in Poland and one in Mexico. It has 2,300 employees worldwide. At the Fabriano’s industrial site it has around 1,000 employees.
Eurofound (2008), Elica, Offshoring/Delocalisation in Italy, factsheet number 67023, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67023.