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.
Kme, a leading company in the copper processing industry, is to cut 275 out of 1,300 jobs by the end of 2013. The job cuts will affect the plants of Fornaci di Barga (in the province of Lucca), Campo Tizzoro (in the province of Pistoia), Serravalle Scrivia (in the province of Alessandria). According to the company, the job cuts are mainly due to economic crisis and its negative effects on the global copper industry. Kme, which controls 30% of the European copper market, is aiming to restore its competitiveness in Italy through this restructuring. The company has committed to find adequate measures to reduce the negative social and economic effects for the redundant workers.
Updated, 12/04/2013 The company and the sectoral trade unions have reached an agreement and thus the previously announced job-cuts will not be implemented. Instead there was an agreement for additional measures including among others flexible working hours, geographic mobility and productivity linked wages.
Eurofound (2013), Kme, Internal restructuring in Italy, factsheet number 74785, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74785.