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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
1,450 jobs Number of planned job losses
Announcement Date
9 October 2020
Employment effect (start)
Foreseen end date
Description
Iberdrola, the Spanish multinational electric utility company, announced a workforce adjustment in Spain during the negotiation on the new collective agreement of the company. The measure affects 1,450 workers (15% of the workforce) in the entire country.
The company's proposal is to implement agreed early retirements, in addition to reducing some social benefits (for example, the coverage of free electricity consumption). In contrast, in the negotiation the unions demand a 7% reduction in working hours, new seniority payments and the extension to the entire workforce of the pension plan provided by the company.
This comes at the same time the company is close to becoming the top electric company in the country in terms of production of electricity.
Eurofound (2020), Iberdrola, Internal restructuring in Spain, factsheet number 102243, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102243.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
