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.
(10 - 33) Manufacturing (28) Manufacture of machinery and equipment 28.4 - Manufacture of metal forming machinery and machine tools 28.42 - Manufacture of other machine tools
1,600 jobs Number of planned job losses
Announcement Date
13 June 2025
Employment effect (start)
13 June 2025
Foreseen end date
31 December 2025
Description
Magneti Marelli faces a comprehensive crisis affecting approximately 1,600 workers across multiple Italian facilities, with the company filing for Chapter 11 bankruptcy protection in the United States. The automotive components manufacturer carries over €4 billion in debt while confronting operational challenges at key production sites.
The Venaria facilities near Turin represents the largest concentration of employment at risk from the bankruptcy proceedings.
At Sulmona facility 444 employees work with 45% reduced hours while managing extreme summer heat through additional ten-minute breaks per shift until August 1. Despite these temporary measures introduced approximately one year ago, the site faces 147 planned redundancies by year-end, representing one-third of its current workforce.
Trade unions FIM, FIOM, UILM, FISMIC, UGLM, and AQCFR expressed concerns about supply chain disruptions and client relationships, especially with Stellantis as the primary Italian customer. At Sulmona specifically, unions have conducted facility assemblies to address worker concerns while emphasizing the need to "secure" the site to protect local employment. They stressed that future survival depends on securing new contracts or clarifying volumes for existing agreements across all affected facilities.
Minister for Enterprise and Made in Italy outlined three intervention approaches: moral suasion to maintain Stellantis contracts, encouraging potential acquirers to participate in the US restructuring procedure, and possible Golden Power application given the sector's strategic importance. The government indicated readiness to promote solid national industrial partners or consider state participation if necessary.
The debt restructuring aims to maintain operational continuity while protecting employment levels, though recent meetings between unions and management have sought solutions to minimize social impact without identifying definitive strategies. Unions announced plans for continued worker assemblies and potential strike action.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
