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 UVESCO Group, a Spanish retailer, has implemented an Employment Redundancy file (ERE) for 115 employees of Hiber supermarkets in the Madrid region.
The redundancies will mainly affect management positions, while the remaining 700 employees (mainly shop staff) will keep their jobs. Recently, Hiber supermarkets, located in the Madrid region, have been acquired by UVESCO Group and brought under the BM Supermarkets brand as part of the ambitious UVESCO Group's expansion plan in the Madrid region. UVESCO group has been owned by the PAI Partners investment fund since 2021 with 70% of the company’s capital.
Eurofound (2024), Hiber Supermercados, Merger/Acquisition in Spain, factsheet number 201360, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201360.