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.
Restructuring and Layoffs in the Industry 4.0 Era: The Role of Exposure to Advanced Manufacturing Technologies / Lamperti, Fabio; Lavoratori, Katiuscia; Castellani, Davide. - In: INDUSTRIAL AND CORPORATE CHANGE. - ISSN 1464-3650. - (2025), pp. 1-27. [10.1093/icc/dtaf052]
Restructuring and Layoffs in the Industry 4.0 Era: The Role of Exposure to Advanced Manufacturing Technologies
Katiuscia Lavoratori;
2025
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.| File | Dimensione | Formato | |
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Lamperti_Restructuring_2025.pdf
accesso aperto
Note: https://doi.org/10.1093/icc/dtaf052
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1.48 MB | Adobe PDF |
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