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.
ArcelorMittal España, a steel manufacturer, has proposed the dismissal of 440 employees in Spain by means of an agreed employment redundancy file (ERE).
Specifically, the company has proposed the dismissal of 440 of its employees in Spain born between 1962 and 1963, without applying the relief contract. Until now, the relief contract, in force for twenty years, allowed the early retirement of staff aged 61 and the entry of temporary workers to fill their posts and maintain the workforce.
The company has linked this decision to the investments it will have to make in order to start up the hybrid electric furnace in Gijón, linked to its decarbonisation process. Meanwhile, the reaction of the trade union representatives has been of total rejection of the initiative, assessing the number of redundancies proposed as "disproportionate".
Eurofound (2023), ArcelorMittal España, Internal restructuring in Spain, factsheet number 200574, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200574.