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.
General Motors (GM), a multi-national manufacturer of motor vehicles, has announced an extensive reorganisation plan that envisages the loss of 902 jobs at the Spanish plant in Figueruelas (Zaragoza). 864 out of 902 jobs will be lost through direct dismissals and another 38 jobs will be lost through natural decline (retirement). The plant currently employs 8,000.
Details about measures to reduce the impact of the restructuringand further workforce cuts in the car industryare available on the European Industrial Relations Observatory (EIRO).
Eurofound (2008), General Motors, Internal restructuring in Spain, factsheet number 66410, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66410.