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.
Cisa, a manufacturer of locks, keys and access control systems, agreed 150 layoffs at the plants of Faenza (Ravenna) (130) and Monsampolo del Tronto (Ascoli Piceno) (20). The company intends to outsource its activities with low added value and to renovate the plant of Faenza in order to produce electronic locks. The dismissals are part of the 2015-2017 industrial plan disclosed last June. At that time, the company announced its intention to discuss with unions 258 potential redundancies. After a long process of negotiations at the premises of the Ministry of Economic Development, the parties reached an agreement entailing the adoption of incentivised voluntary dismissals and the provision of outplacement services for the redundant workers. The agreement was validated by workers through a referendum held in October.
Eurofound (2015), Cisa, Offshoring/Delocalisation in Italy, factsheet number 84333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84333.