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.
Sector Alarm, a Norwegian company owned by KKR, announced an ERE that will affect 120 of its 251 employees (about half) in Spain. The layoffs target staff mainly located in Las Rozas, Madrid, where the company’s customer service, support and alarm reception departments are situated. Negotiations are underway with a 30-day deadline to finalize the process, with completion expected within the next month. The restructuring is driven by organizational reasons, aimed at eliminating duplicated structures while maintaining financial viability.
Sector Alarm’s workforce totals 251 employees in Spain; the ERE will reduce this number by almost one-half.
Updated, 04/06/2026: Sector Alarm has concluded the collective redundancy process (ERE) with 98 employees leaving the company under an agreement that significantly improves on the initial proposal. The final settlement provides 33 days’ salary per year of service, capped at 24 months’ pay, together with the legally required Special Social Security Agreement. The original proposal had envisaged 107 redundancies with the statutory minimum compensation of 20 days per year, capped at 12 months
Eurofound (2026), Sector Alarm, Internal restructuring in Spain, factsheet number 300497, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300497.