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.
US-based multinational food manufacturer Heinz is to cut up to 163 jobs in Italy.
As announced, the company and the trade unions have reached an agreement after a previously announced restructuring plan in September involving 204 job cuts.
According to the sources, the agreement envisages economic incentives, the recourse to the extraordinary Wage Guarantee Fund schemes and outplacement services for the redundant workers. Moreover, there is a possibility of internal mobility for 47 employees (out of 163).
For a previous restructuring see Heinz Plasmon-IT2010.
Eurofound (2013), Heinz, Internal restructuring in Italy, factsheet number 76196, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76196.