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.
Teka, the historic Spanish home appliance manufacturer now owned by China’s Midea Group, has announced an Employment Redundancy File (ERE) that could affect 574 employees across several of its sites in Spain. According to Unions, which have strongly condemned the move, the layoffs will impact 222 workers in Zaragoza, 191 in Santander, 58 in Alcalá de Henares, and 103 across commercial offices in Madrid and other regions.
The company attributes the measure to “productive and organisational causes,” though full details will be provided once the workers’ representative committee is formally constituted and receives the explanatory report and technical documentation.
Unions have rejected the decision as “disproportionate” and inconsistent with Teka’s actual financial position, arguing that the dismissals would only worsen job insecurity in the sector. Unions have urged Teka’s management to explore alternatives that safeguard employment and have called on both regional and national governments to intervene in defence of the workforce and the long-term viability of Teka’s Spanish operations.
Eurofound (2025), Teka, Internal restructuring in Spain, factsheet number 203767, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203767.
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