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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
460 - 1,588 jobs Number of planned job losses
Announcement Date
6 April 2013
Employment effect (start)
31 May 2013
Foreseen end date
31 May 2015
Description
Defence electronics company Selex Es is to cut 1,938 jobs in Italy. Selex Es is part of Finmeccanica group and ir was created with the merger of the Finmeccanica companies Galileo, Elsag and Sistemi Integrati. The merger process lasted around two years.
At the beginning of April 2013, the new company announced the reorganisation plan that envisages the closures of 22 Italian sites (out of 48) and 1,938 layoffs in Italy; 350 redundant workers derive from the reorganisation plans previously announced by Galileo, Elsag and Sistemi Integrati (see previous restructuring in 2012). For these workers, the companies and the trade unions had already reached an agreement which envisages measures aimed at reducing the negative effects of the layoffs. Moreover, around 460 workers, previously employed in Galileo, Elsag or Sistemi Integrati, have left the companies with voluntary dismissals or because they have reached all the requirements of retirement. Consequently, the new plan affects around 1,100 workers, for whom the company envisages the recourse to the Wage Guarantee Fund scheme and "mobility" allowances with a view to retirement.
In addition, the new reorganisation plan provides for the closure of six sites and 591 job cuts in the United Kingdom.
The trade unions have required more details on the plan and some meetings in order to find adequate measures to minimize the negative social and economic effects of the plan.
Selex Es has around 17,700 employees in the world and operates in Italy, United Kingdom, United States, Germany, Turkey, Romania, Brazil, Saudi Arabia and India.
Sources
6 April 2013: La Repubblica
6 April 2013: Il Sole 24 Ore
Citation
Eurofound (2013), Selex Es, Internal restructuring in Italy, factsheet number 75280, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75280.
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