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.
Fiat announced its 2010-2011 industrial plan envisaging the closure of its plant located at Termini Imerese with the consequent loss of 1,509 jobs.
The company plans the closure by the end of 2011. Moreover, the plan envisages new investments in the other Italian plants with a relevant reorganisation of work. The Minister of Economic Development has announced the start of negotiations with the company, the trade unions and the local authorities in order to find alternative solutions for the Termini Imerese site.
On 26 November 2011, after long negotiations, Fiat, trade unions, the Ministry of Economic Development and Invitalia reached an agreement that provides various measures in order to support redundant workers. From 1st January 2012 all the 1,560 Fiat workers will benefit to a two-year scheme of extraordinary Wage Guarantee Fund. Moreover, before reaching all the requisites for retirement, 640 workers will benefit to mobility allowances to which Fiat will add economic incentives (EUR 640 monthly for each worker, on average). Dr Automobiles Group (Dr Motor) - an Italian company which assembles car components - will replace Fiat in the Termini Imerese site. The industrial plan announced by Dr Motor envisages the redeployment of 1,300 workers by the end of 2015.
Eurofound (2009), Fiat, Closure in Italy, factsheet number 70062, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70062.