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.
Multinational business service provider Comdata announced 264 redundancies due to the closure of two of its Italian branches, respectively in Pozzuoli (near Naples) and Padova.
According to a joint public statement of the three confederal telecommunications trade unions (Slc, Fistel and Uilcom), the redundancies are not due to a loss of orders, but driven by the need to maximise profits. The unions consider the dismissals 'unacceptable' and have called for the mobilisation of workers. A first strike was called for 18 May.
In Italy, Comdata has a total employee base of 12,000 and revenues of €700 million.
Eurofound (2018), Comdata, Closure in Italy, factsheet number 94013, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94013.