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.
The Phone House, the Spanish retail company chain of multi-brand telephones, has announced a collective dismissal plan for up to 200 employees in Spain, after reaching a final agreement with trade union representatives. The implementation of this collective dismissal plan will take place between July and October 2023. According to the document agreed upon by the company and employee representatives, a financial compensation for the affected employees is foreseen. The collective dismissal plan also stresses that pregnant women and employees affected by gender violence are exempted from dismissal, and the company is obliged to pay social security contributions to affected workers aged older than 55 years. Finally, the collective dismissal plan foresees a relocation plan for unemployed workers. Previous collective dismissal plans by the company in Spain have been recorded in the ERM database in 2020 (The Phone House-2020-ES).
Eurofound (2023), The Phone House, Internal restructuring in Spain, factsheet number 109316, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109316.