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.
The mining company Iberpotash, subsidiary of the Israeli chemical group ICL, announced that it is to cut 159 jobs, which account for 17.6% of a total workforce of 900 at its plants located in Súria and Sallent (Barcelona). The group believes that this adjustment is necessary because of the collapse of its sales of potash - a product used mainly in fertilizers - due to the fall in the demand for fertilizer in the agricultural sector. The unions criticize this move for being "too harsh". Iberpotash proposed to reduce the current six working shifts, seven days a week to three shifts so that, from May onwards, they will only work Monday to Friday in order to reduce the volume of production.
Eurofound (2009), Iberpotash, Internal restructuring in Spain, factsheet number 68789, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68789.