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.
In June 2023 EXELDIST announced an ERE (labour force adjustment plan) of contract termination as part of its insolvency. As a result, 300 workers, mostly women, who make up the Hiperxel staff team will be left without work due to the closure of the shops. At the end of April 2023, the company had already filed for voluntary insolvency proceedings in the Mercantile Court of Vigo, due to the critical economic situation that the company had been in over the last few months, with supply problems and four months of salary debts owed to the staff. The staff had previously called a strike, due to the payment problems they were suffering. XELDIST is a company in Galicia (Spain) that operates the Hiperxel (brand name) frozen food retail chain, which has several shops in that region.
Eurofound (2023), Xeldist, Bankruptcy in Spain, factsheet number 109167, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109167.