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 Swedish multinational Electrolux is specialised in the manufacture of domestic electronic appliances and has 72,000 employees, of which 2,553 in Spain. The Electrolux Group announced on 21 April 2005 it is examining the closure of the production centre of Fuenmayor ( La Rioja, Spain) creating 540 redundancies, of which 86 are temporary workers. Even though a 50 % profits increase (€ 93 million) has been recorded in the first quarter of 2005, the group is considering delocalising its activity to Hungary where it owns a production centre that can integrate the production of the Spanish plant. The group is also studying the closure of the Parabiago plant (Italy) with 100 employees, the reduction of activity of the plants in Mariestad (Sweden) and the plant in Florence (Italy) with the creation of 300 and 250 redundancies respectively. Strong reactions against the closure of the Fuenmayor Spanish plant have been appointed by the regional authorities as well as by the labour representatives. On 9 September 2005 the group decided the dismissal of a third of its labour in the Fuenmayor production centre (La Rioja). The measure will affect 170 workers.
Eurofound (2005), Electrolux, Offshoring/Delocalisation in Spain, factsheet number 61455, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61455.
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