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.
The Italian bank Cassa di Risparmio di Ferrara (Carife) is to cut 295 jobs. Carife is based in Ferrara and is the main bank group in the city’s region.
Updated, 20-09-2013
Negotiations with the trade unions followed in September. In order to minimise adverse social effects, unions asked for alternative plans to direct dismissals including early retirement plans, holiday cutbacks or overtime schemes. After the first month of negotiations, the bank and the trade unions have reached a first agreement which envisages the use of measures, such as economic incentives for voluntary dismissals, the recourse to the sectoral Social Fund and early retirement measures, in order to reduce the negative social and economic effects for the redundant workers.
Updated, 15-10-2013 As announced, 110 employees have already accepted to participate in an early retirement scheme.
Eurofound (2013), Cassa di Risparmio di Ferrara (Carife), Bankruptcy in Italy, factsheet number 76012, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76012.