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.
Italian fashion company Benetton has launched last 20th december an Employment restructuring File (ERE) that will lead to the dismissal of 169 workers (23% of its workforce) and the closure of 31 of its nearly 300 stores in Spain.
According to the trade union UGT, the company cites organisational, economic and productive causes for the layoffs, whereas the union acknowledges Benetton's economic problems but suggests that the file is flawed due to 'lack of motivation'. Benetton has offered compensation of 24 days per year worked with up to 12 monthly payments and a EUR 1,500 bonus for certain groups, like pregnant women, people with disabilities and people over 50 years of age.
It has also proposed relocations in 30 vacant stores in Barcelona, Madrid, Girona and the Balearic Islands.
Eurofound (2025), Benetton, Closure in Spain, factsheet number 202189, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202189.