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 company Ceramicas Gala, in Burgos, has announced the dismissal of 176 workers, which represents close to 40% of the staff that currently stands at 440 employees. Yesterday the company presented a Redundancy Procedure in which it justified the measure in the important drop recorded in the production of sanitary fittings, drop that in turn is a consequence of the crisis in the construction sector. Representatives of the company's Works Council have not made any statements, alleging that a negotiation period with management is set to start in a few days, in which the idea is to minimise to a maximum the proposal of eliminating the work posts.
Eurofound (2009), Cerámicas Gala, Internal restructuring in Spain, factsheet number 69319, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69319.