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 64.1 - Monetary intermediation 64.19 - Other monetary intermediation
300 jobs Number of planned job losses
Announcement Date
4 January 2007
Employment effect (start)
Foreseen end date
Description
Two regional Spanish savings banks, El Monte and Caja San Fernando, announced their merger on 4 January 2007. As a result of this operation the new group, Cajasol, will offer pre-retirement to 300 of its current employees. This measure is part of the new company strategy to rationalise its resources. Moreover, the company has developed a programme of sustainable human resources that seeks to create and mantain employment by replacing every worker that adheres to the pre-retirement programme with another one under long term contract.
Sources
5 January 2007: Cinco Días
Citation
Eurofound (2007), Cajasol, Merger/Acquisition in Spain, factsheet number 64752, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64752.
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...