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.
Riello, an Italian company that produces heating and water heating systems, is to cut 178 jobs (out of 242) at its plant located in Morbegno, in the province of Sondrio.
The reductions follow the company's decision to delocalise the production of burners for heating systems to Poland, where Riello has a plant at Torun, with around 500 employees. According to the company, the decision to delocalise is mainly due to the need to reduce the labour costs and to strengthen Riello's position in different markets.
The trade unions have reacted to the company's decision with organized actions and request for negotiations in order to find measures to reduce the negative effect of delocalisation.
The timeline for the restructuring is yet to be announced.
Eurofound (2012), Riello, Offshoring/Delocalisation in Italy, factsheet number 73782, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73782.