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.
KSM, a private surveillance firm, has announced it will cut 100 jobs in Sicily. The jobs cuts will affect security guards employed by KSM. KSM will cut jobs at the sites in Palermo (50), Caltanissetta (25), Enna (15) and Agrigento (10).
According to the media source, the job cuts result from growing competition in the market and shrinking demand for their services.
The media source reports that trade union and company representatives are negotiating and they hope to reach an agreement about unemployment benefits and early retirement.
Eurofound (2014), KSM, Internal restructuring in Italy, factsheet number 76879, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76879.