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Restructuring and layoffs in the Industry 4.0 era: the role of exposure to advanced manufacturing technologies

Year: 2025

Type: article

Abstract: This study examines how Industry 4.0 advanced manufacturing technologies (AMTs) influence restructuring decisions. Analyzing data from European manufacturing firms (2013–2020), we find that greater AMT exposure correlates with a lower overall likelihood of restructuring. When restructuring occurs, AMTs reduce closure probabilities while increasing downsizing likelihood and minimizing layoffs. AMT exposure is measured through industry-level adoption and firm-level capital intensity. This study emphasizes the need to consider both the benefits and disruptions of automation in shaping strategies.

Source: Industrial and Corporate Change

DOI: 10.1093/icc/dtaf052

Authors: Fabio Lamperti, Katiuscia Lavoratori, Davide Castellani

Institutions: Università Cattolica del Sacro Cuore, Sapienza University of Rome, University of Reading

Language: English

Topic: Organizational Downsizing and Restructuring

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $4,299