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.
Sixty, a fashion company based in Italy, is to cut 189 jobs at its main site at Chieti. The site employs 414 workers. The job cuts are included in the 2011-2015 industrial plan, which envisages a range of measures in order to reduce costs. In particular the company intends to outsource some activities.
Sixty, the trade unions and the Province of Chieti have planned some meetings in order to find measures to reduce the social negative effects of job-cuts.
Eurofound (2012), Sixty, Internal restructuring in Italy, factsheet number 73361, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73361.