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 glass packaging manufacturer Vidrala has announced that it will close one of three furnaces at its manufacturing plant in Llodio, Alava, Basque Country, leading to the loss of 80 jobs.
This furnace was classified as non-competitive and its closure has been accelerated by a weakness in demand and rising costs, especially energy costs. The measure will affect a total of 80 workers, namely 25% of the total jobs at the Llodio manufacturing plant, 320 workers. Vidrala has communicated the adjustment to the trade unions and will negotiate these departures through non-traumatic measures, such as voluntary redundancies.
Vidrala has manufacturing plants in Spain, Portugal, Italy and United Kingdom.
Eurofound (2023), Vidrala Aiala Vidrio, Closure in Spain, factsheet number 200562, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200562.