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.
Luxury fashion brand Canali is to close the textile plant of Carate Brianza and lay off its 134 workers.
The family-owned firm, which sells clothes world-wide and employs about 1,000 persons in Italy, attributed the decision to a persistent reduction of sales.
The dismissals will affect blue-collar workers, mostly women.
Workers went on strike against the decision. Unions complain the company is still performing significant profits, and recent measures to tackle the crisis have already led to 75 exits and to working time reduction for 39 workers over the last months.
Eurofound (2017), Canali, Closure in Italy, factsheet number 92887, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92887.