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.
Preca Brummel, a children’s wear company announced a plan to dismiss 30 workers at its headquarters of Carnago (Varese) and shops across the country.
The company currently employs about 300 workers in Italy, half thereof in Carnago. It agreed with unions a dismissal plan as part of a ‘pre-bankruptcy agreement’, intended to rescue the company from high indebtedness.
The plan shall be authorised by the court before it becomes operational.
Eurofound (2017), Preca Brummel, Internal restructuring in Italy, factsheet number 92889, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92889.