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.
Zirconium, manufacturer of tile and floor accessories, has announced that it is to cut 130 jobs (out of 446) by the end of 2008 at its plant in Villareal (Castellón). The company is negotiating a job reduction plan (Expediente de Regulacion de Empleo in Spanish, ERE) with the unions. The unions demand higher dismissal compensations. According to UGT, Zirconia offers compensation to redundant workers as established by law, namely the recovery of 20 days per year worked up to 12 months.
Eurofound (2008), Zirconio, Internal restructuring in Spain, factsheet number 67137, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67137.