Monitoring method and system for a tool-holding spindle

A sensor detects an axial position of a rod controlling a tool-gripping collet in a tool-holding spindle whenever a tool is picked during a working session. The current obtained rod position value is compared with previous rod position value, which has been obtained and stored during the previous tool-picking and, if their deviation is larger than a predetermined threshold, the collet closure is notified as defective. The rod position is obtained as an average of a plurality of closely spaced readings, which are taken after a predetermined delay from the collet closure.