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.
Italian manufacturer of airline seats Aviointeriors is to dismiss 150 workers at its site in Latina. As reported, the job reduction measure is due to liquidity problems linked with the insolvency of a client and a reduction of orders. Dismissals will affect about 150 permanent workers that have been put on a mobility scheme. Furthermore, according to the sources, about 80 fixed term contracts have not been renewed in the latest months. Workers and trade unions declared that there are enough orders to ensure the continuation of production and denounced the company to the Italian Finance Police, stating that wages are not being paid.
Eurofound (2014), Aviointeriors, Internal restructuring in Italy, factsheet number 77691, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77691.