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.
Engineering and consultancy company Tragsatec has presented a redundancy procedure resulting in 317 job cuts. The measure will mostly affect veterinary surgeons working on a project about animal diseases which can be transmitted to human beings. The measure is blamed on project budget cut for 2012 (6,000,000 €).
Tragsatec carries out engineering, consultancy and technical support activities in agriculture, forests and rural, environmental and marine development.
Eurofound (2011), Tragsatec, Internal restructuring in Spain, factsheet number 72240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72240.