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.
Aciturri Aeronáutica, one of the main Spanish aeronautical manufacturing companies, has announced a collective dismissal plan affecting 214 workers, specifically at the plants of Boecillo (Valladolid), Tres Cantos (Madrid), Miranda de Ebro (Burgos) and Berantevilla (Álava). The company argues that the restructuring is due to a 45% decrease of workload.
The union UGT has rejected the plan after the first meeting with the company, considering that Aciturri should negotiate alternative solutions to avoid dismissals, since they consider that the current difficulties are due to a temporary problem due to the COVID-19 crisis.
Update 1/10/2020: The Aciturri company and the workers' representatives have agreed to reduce the number of dismissals to 148: 73 in Miranda (Burgos), 19 at the Orón street plant in the Bayas industrial estate, 35 in Ayuelas street, 9 in the Ircio industrial estate and 10 in Berantevilla), together with 33 temporary layoffs. All the dismissals of the Aeroestructures division will award workers amounts equivalent to unfair dismissal conditions. That is, with compensation of 45 days of salary per year worked, with a maximum of €100,000 and a minimum of €6,000. In the case of the Aeroengines division, compensation will be 33 days per year worked, with a ceiling of 24 monthly payments, a maximum of €60,000 and a minimum of €6,000.
Eurofound (2020), Aciturri Aerostructures, Internal restructuring in Spain, factsheet number 101924, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101924.
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