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.
Italian luxury yacht manufacturer The Italian Sea Group (TISG) has announced 270 potential job cuts affecting its workforce at the Marina di Carrara shipyard in Tuscany, Italy. This follows a severe financial crisis linked to significant cost overruns on yacht construction contracts. This has led the company to enter a court-supervised crisis settlement procedure and seek a new investor through a competitive sale process. Instead of immediately implementing redundancies, the company and its stakeholders have agreed to a six-month solidarity contract, pending approval by the Florence Court and the Ministry of Labour. This contract involves reducing working hours, with the reductions to be shared among employees.
Fim, Fiom and Uilm reported that the company had accepted union requests regarding advance payments, rotation arrangements, accrual of entitlements, leave treatment and consultation with workers' representatives on the management of the solidarity scheme.
Eurofound (2026), Italian Sea Group, Internal restructuring in Italy, factsheet number 301096, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/301096.
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