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 For Transport Equipment Manufacture Of Other Transport Equipment 30.20 - Manufacture of railway locomotives and rolling stock
119 jobs Number of planned job losses
Announcement Date
9 March 2015
Employment effect (start)
Foreseen end date
Description
Firema Trasporti, an Italian company involved in the production and maintenance of rolling stock, plans to dismiss 119 workers.
The company has been under special administration (amministrazione straordinaria) since 2010 and has now found an investor group interested in acquiring its assets. However, the new company intends to keep only 403 positions out of the 522 workers currently employed. It also disclosed its intention to reduce wages by 18%, lowering them to the levels set by the relevant National Collective Bargaining Agreement.
On 9 March 2015, the Minister of Economic Development, the authority responsible for the special administration procedures, accepted the proposal as the only alternative was the bankruptcy of the company and the closure of its factories. The unions expressed satisfaction at the negotiations. However, they wish to improve the plan in order to save all the 522 job positions and to maintain current wage levels.
Sources
10 March 2015: Rassegna
10 March 2015: Il Sole 24 Ore
10 March 2015: Regione Basilicata - press release
10 March 2015: Regione Basilicata - press release
Citation
Eurofound (2015), Firema Trasporti, Merger/Acquisition in Italy, factsheet number 79378, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79378.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
