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.
The company UFESA is specialised in the manufacture of domestic electrical appliances and is based in the locality Etxarri Aranatz (Province of Navarra, Spain). The company is owned by the German holding BSH and has two other plants in the same province, the plant of Esquiroz with 800 employees and the plant in Estella with 330. The UFESA management has decided the closure of the Etxarri Aranatz plant by the end of February 2005 in order to reduce costs and compete with the Asian manufacturers. This will create 160 redundancies. The management has announced its intention of relocating part of the redundancies in the other two production centres in Navarra (Spain).
Eurofound (2004), Ufesa, Closure in Spain, factsheet number 60684, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60684.
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