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.
Avatel, a Spanish telecommunications operator owned by Inveready, has announced the dismissal of 444 staff positions from its current workforce of 1,325 employees in Spain.
The layoffs, part of an internal restructuring prompted by worsening economic results and the return of subsidies linked to 5G rollout projects, are driven partly by accelerated digitalisation with AI systems replacing redundant roles. Unions have engaged in dialogue over the plan.
Avatel has previously implemented similar collective dismissals in 2024 Avatel 2024-ES and 2026Avatel 2026-ES, with job redundancies of 674 and 302 jobs, respectively
Updated, 05/11/2026 Avatel reduced the maximum forced layoffs to 383 under a new ERE pre‑agreement with unions, keeping an overall exit limit of 444 if all are voluntary.
Eurofound (2026), Avatel, Internal restructuring in Spain, factsheet number 301270, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301270.
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