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.
Delphi, a manufacturer of automobile components, has announced that it is close its factory in Tarazona (Zaragoza) with the loss of 320 jobs. In 2006, the company dismissed approximately 300 employees in the same factory. This restructuring which was phased out in two stages resulted in the loss of 620 jobs in total.
97% of the workforce accepted in December to adhere to the voluntary redundancy scheme proposed by the company. The reason for the dismissals is attributed to the decision of the company to trasfer production activities to Portugal. The closure of the facility in Tarazona started in January. None of the jobs will be relocated to Portugal.
Active labour market policy measures are supported by the European Globalisation Adjustment Fund (EGF).
Eurofound (2006), Delphi, Closure in Spain, factsheet number 64331, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64331.