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.
Util Industries, a leader in the production of brake backing plates and shoes, is to cut 196 jobs. The company has announced a reorganisation plan that envisages the closure of its plant located at Pienezza, with the consequent loss of 130 jobs, and 69 job-cuts (out of 340 employees) at its main plant located at Villanova. Pianezza and Villanova are located in the province of Asti. The trade unions reacted to the company's decision by asking to meet the company in order to find alternative measures to avoid the lay-offs.
Eurofound (2009), Util Industries, Closure in Italy, factsheet number 69057, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69057.