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.
Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
139 jobs Number of planned job losses
Announcement Date
19 February 2004
Employment effect (start)
1 February 2004
Foreseen end date
1 February 2004
Description
Agrupació Mútua is the result of a merger between Mutua and Bankpime. From the 139 dismissed workers, 54 belong to Mutua, 53 to Bankpime and 32 are shared personnel. These cuts are part of a reduction cost plan aiming at reducing expenses by 10 million euros.
Sources
19 February 2004: Expansión
Citation
Eurofound (2004), Mutuabank, Internal restructuring in Spain, factsheet number 59772, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59772.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...