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 historic ceramics manufacturer Sargadelos has announced the closure of its factory in Cervo (Lugo), impacting around 200 workers.
The decision follows a €5,000 fine issued by the Labour Inspectorate, which identified 36 safety and operational deficiencies deemed unsolvable in the short term. Segismundo García, the sole administrator, cited the lengthy bureaucratic procedures required for renovations—estimated at six months to a year—as a key reason for the closure. He also proposed repurposing the site, a protected cultural landmark since 1972, as a ceramic interpretation centre. In his letter, García criticised the inspection’s tone and demands. Employee representatives have strongly rejected the measure
Eurofound (2025), Fábrica de Cerámica de Sargadelo, Closure in Spain, factsheet number 202566, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202566.