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.
Bodas.net, a wedding services company owned by The Knot Worldwide, has announced an Employment Redundancy File (ERE) to lay off 175 employees from its Barcelona office, representing approximately 28% of its workforce at the location. The company cites organisational reasons for the restructuring, which comes amid a rapid technological transformation and a strategic shift to streamline decision-making and enhance focus. Despite these layoffs, the company reported a positive EBITDA, an 11% increase in sales, and a reduction in debt for the 2024 fiscal year, generating €86.5 million in revenue.
The layoffs are part of a broader effort to adapt the organisation for future growth and innovation. The company has stated that Spain remains a crucial market, and the changes aim to better position the company for long-term success. There is speculation among unions that the affected roles may either be automated through AI or moved to other locations where the multinational operates.
Bodas.net has been a leading player in the Spanish wedding services market, with an extensive network of service providers, including florists, venues, and entertainers. Despite the recent growth, the company is navigating financial challenges, with a net loss of €5.1 million for 2024.
Update (27/11/2025): Bodas.net has reached an agreement with unions to finalise its Employment Redundancy File (ERE) with 166 dismissals, down from the 175 initially proposed. Of these, 70 will be voluntary departures, representing roughly a quarter of the company’s 600 employees in the city. The deal was approved by a majority of the workforce during an assembly and formally signed on Tuesday afternoon. The agreement establishes compensation of 37 days’ salary per year worked, capped at 18 months. Employees with shorter tenure will receive a minimum payout of €5,000, and the departures will take place gradually according to the company’s operational plan. Unions have described the outcome as “a good agreement” given the circumstances.
Eurofound (2025), Bodas.net, Internal restructuring in Spain, factsheet number 203669, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203669.
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