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.
Fibracolor, a Spanish textile dye firm, has announced that it is to cut 280 jobs with the closure of its facility on July 31 after negotiating the economic compensation with its workers. The firm, jointly owned by Inditex and the regional government of Catalonia, employed 280 workers. Last November the firm initially considered only a reduction of 150 jobs, but the impossibility of ensuring continuity of the activity has led to the decision to close the firm permanently.
Eurofound (2008), Fibracolor, Closure in Spain, factsheet number 66059, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66059.