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.
Brandt, one of the main brands in the European market of domestic appliances, is to cut 200 jobs at its plant located in Verolanuova, in the province of Brescia (600 employees). During the 2009 the company reported an orders' reduction, mainly due to the recent economic crisis. In the first months of 2009, the company and the trade unions reached an agreement for the recourse to the Wage Guarantee Fund, in order to tackle the crisis without job cuts.
In July, the company announced 200 redundancies, due to the crisis' persistence. The company and the trade unions have planned some meetings in order to find adequate measures both to reduce the negative effects of lay-offs, and to relaunch the productive activities in the Verolanuova plant.
Brandt belongs to the FagorBrandt Group, one of the leading players in the European domestic appliance market. FagorBrandt owns seven brands: Fagor and De Dietrich (international brands); Brandt, Sauter and Vedette (brands for the French market); Ocean and SanGiorgio (brands for the Italian market). The group has around 3,800 employees worldwide.
Eurofound (2009), Brandt, Internal restructuring in Italy, factsheet number 69431, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69431.