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.
Menaje del Hogar, a company specialized in the retail of electrical appliances, planned the presentation of a Redundancy Dismissal Procedure (ERE) that will affect around 100 workers, which represents around 16% of a staff base of more than 600 workers. The company, a subsidiary of the British company Kesa Electrical, has a network of 45 stores in Spain and 21 in Portugal. According to Kesa Electrical the Spanish market continues to endure the worst commercial conditions in Europe, which has resulted in a "significant" fall in sales.
Eurofound (2009), Menaje del Hogar, Internal restructuring in Spain, factsheet number 68786, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68786.