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.
Domestic appliance producer Whirlpool announced the dismissal of at least 566 workers at its Italian sites.
Following the agreement signed with unions in July 2015, the company was to handle the restructuring process affecting its Italian plants by means of voluntary dismissals, early retirements, relocations and recourse to social shock absorbers. At that time, a number of at least 350 exits was expected (WhirlpoolIT-2015) but 916 employees (that is 566 on top of the initially envisaged) had expressed their intention to accept the incentives offered to leave the company.
In total, 705 exits occurred at the industrial plants, 211 at the headquarters and 55 in the R&D units. The company might accept further exits over the next months.
Unions are worried about the actual implementation of the plan, as employment and production levels remain below the expected amounts.
Eurofound (2016), Whirlpool, Internal restructuring in Italy, factsheet number 89366, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89366.