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 Levantina group, a manufacturer of decorative stones and marble located in Novelda (Alicante), plans to launch a job reduction plan (Expediente de Regulacion de Empleo in Spanish, ERE) which will involve the loss of 154 jobs in its production plants and another 77 jobs in administrative functions and sales. The company blames the redundancies on the notable decrease in sales in the first four-month period of 2009 and aims at adjusting its production capacity and cut production costs.
The company has 1,600 employees - 1,200 production jobs and 400 jobs in sales and adminstration-related functions.
Eurofound (2009), Levantina, Internal restructuring in Spain, factsheet number 69130, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69130.