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.
Almacenajes Pogar, a Spanish logistics and transport company based in Tarancón (Cuenca), has announced its intention to enter voluntary insolvency proceedings, halting negotiations over a collective redundancy plan (ERE). The decision places the company’s 690 employees in a precarious situation, threatening both jobs and the firm’s long-term viability. Initially, the ERE proposed 91 redundancies, later reduced to 42 after union talks, but the company has now withdrawn from discussions, opting instead for judicial administration amid severe financial and management difficulties.
Trade unions have condemned the move, warning that once under insolvency protection, compensation payments would depend on Spain’s Wage Guarantee Fund (FOGASA), leading to possible delays and reduced payouts. The company’s financial collapse follows sustained operational strain, including staff shortages and declining liquidity, which have crippled its capacity to function.
Union representatives are demanding transparency, renewed dialogue, and government intervention to safeguard jobs and preserve Tarancón’s logistics sector, vital to the local economy. The court-supervised insolvency process could lead to either restructuring or liquidation, with external investment seen as the only viable path to recovery.
Eurofound (2025), Almacenajes Pogar, Bankruptcy in Spain, factsheet number 203634, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203634.
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