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 Medical Research Centre "Centro de Investigación Príncipe Felipe" will apply for a Redundancy Procedure affecting 108 workers. It is planned that 40 employees will be relocated, 12 ending contracts will not be renewed, so that 56 employees would be affected by direct dismissals. Additionally, those researchers staying in the center, about 150, are said to face changing working conditions including wage reductions.
The measure is attributed to the negative financial situation of the research centre. The institute is mainly financed by the regional government of Valencia.
Eurofound (2011), Centro de Investigación Príncipe Felipe (CIPF), Internal restructuring in Spain, factsheet number 72611, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72611.