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.
Fiat Chrysler Automobiles (FCA), an international automotive group, has announced the hiring of about 1,000 workers across its Italian sites. The decision is associated with the investments and production targets set for the Italian subsidiary companies in the 2014-2018 industrial plan. The recruitment drive follows a long period of contraction of the activities, resulting in an extensive use of the Wages Guarantee Fund and a significant reduction of the workforce. Most of the hirings are planned for the plant of Melfi (Potenza) (600), of which the first 250 will occur by June 2015.
The plant, which currently produces city car Panda and sports utility vehicle Jeep Renegade, is expected to increase its production level up to 1,200 cars per day. The remaining new jobs will be created in the vehicle production plants in Atessa (200), Cassino (50) and the machinery factories in Verrone (170), Termoli (50) and Cento (30). However, a share of the new positions envisaged for the Verrone site could be covered by means of internal relocations. The management announced that the sought profiles in Cassino and Termoli are young professionals to be hired as team leaders for the relaunch of luxury vehicle brand Alfa Romeo. The companies will also re-employ all employees currently on Wages Guarantee Fund by 2018 and will offer open-ended contracts to 1,500 workers currently on temporary contracts at the factory of Melfi. Most of the unions expressed satisfaction about the announcement of the FCA, estimating a positive impact for suppliers as well. Criticisms were highlighted by the Federation of White and Blue-Collar Metalworkers (FIOM). According to FIOM, most of the new hirings will replace staff having left the involved sites over the last years except for the Melfi plant.
Eurofound (2015), Fiat Chrysler Automobiles, Business expansion in Italy, factsheet number 84029, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84029.